Axiata Group Bhd, Malaysia's largest mobile operator by market value, and Bharti Airtel Ltd, India's largest telecom operator by subscribers, agreed to merge their subsidiaries in Bangladesh, Axiata said on Thursday.
The merger of Robi Axiata Limited and Airtel Bangladesh Limited, components of the respective companies, will create an entity called Robi. The deal is expected to be completed by the first half of 2016, said a press statement by Axiata.
Axiata will hold a 68.3 per cent stake in Robi, while Bharti will hold 25 per cent. The remaining 6.7 percent stake will be held by existing Japanese shareholder NTT DOCOMO.
In Sri Lanka Dialog Axiata, and also Airtel companies are run in separately in future?
Malaysia’s Axiata, Bharti Airtel to merge subsidiaries
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