Asia News
TowerXchange is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024

Asia News


A roundup of tower news across Asia

Bangladesh: Airtel and Axiata merge

Bharti Airtel Ltd and Malaysia-based Axiata Group Berhad have signed an agreement to merge their respective operations in Bangladesh—Airtel Bangladesh Ltd and Robi Axiata Ltd—to create the second largest telco in that country. Post-merger, the combined entity operating as Robi will serve approximately 40mn customers. The proposed transaction is subject to conditions precedent including receiving applicable approvals from relevant authorities and is expected to complete in the first half of 2016.

Axiata will hold a 68.3% controlling stake in the combined entity, Bharti Airtel 25% and the remaining 6.7% will be held by Japan-based NTT DoCoMo, an existing shareholder.


The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Subscribe Login
Gift this article