Malaysia-based Axiatia (Robi), the third largest mobile operator in the Bangladesh, and India-based Airtel last year regarding this. The merger application by two companies was submitted to the court and to the government in September 2015.
This is the fifth time the government has got time extension from the HC for submitting its suggestions on the proposed merger.The High Court gave the government three more weeks to submit its recommendations about the proposed merger of two telecom companies Robi and Airtel.
Telecom ministry officials said, that a set of recommendations about the proposed merger will be sent to Prime Minister Sheikh Hasina, and also the telecom minister, for approval before submitting those to the court.
They said that ministry is preparing a proposal that suggested that the merged entity of Robi and Airtel needs to pay additional Tk 700 crore fees to adjust the spectrum price of Airtel for completing the merger. Upon completion of the proposed merger, Robi’s parent company Axiata will hold 68.3 percent controlling stake in the combined entity, while Bharti Airtel will hold 25 percent and the remaining 6.7 percent will be held by NTT DOCOMO of Japan.
The merger will surely make the network stronger and will also then Robi the second largest telecom operator after Grameenphone.
