HC approves Robi-Airtel merger

The High Court bench on Wednesday approved the merger of mobile phone operators Robi and Airtel.

The company bench of Justice Syed Refaat Ahmed passed the order.

The merger company will be introduced as Robi and will have to pay Tk 238 crore as merger fee to Bangladesh Telecommunication Regulatory Commission (BTRC).

Upon completion of the proposed merger, Robi’s parent company Axiata will hold 68.3 per cent controlling stake in the combined entity, while Bharti Airtel will hold 25 per cent and the remaining 6.7 per cent will be held by NTT DOCOMO of Japan.