NEWSWIRETODAY Press Release& Newswire Distribution | HOME
MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday press release distribution service network
Written by / Agency / Source: Axiata
Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Axiata Announces Completion of Bangladesh’s First Telecoms Merger with Bharti Airtel - Axiata Group Berhad (“Axiata”) and Bharti Airtel Limited (“Bharti”) announced the completion of the merger exercise of their respective telecommunication subsidiaries in Bangladesh - Airtel.in / Axiata.com
Axiata Announces Completion of Bangladesh’s First Telecoms Merger with Bharti Airtel

 

NewswireToday - /newswire/ - Kuala Lumpur, Malaysia, 2016/11/16 - Axiata Group Berhad (“Axiata”) and Bharti Airtel Limited (“Bharti”) announced the completion of the merger exercise of their respective telecommunication subsidiaries in Bangladesh - Airtel.in / Axiata.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Telecom / Wireless / VoIP / IPTV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Axiata Group Berhad (“Axiata”) and Bharti Airtel Limited (“Bharti”), today announced the completion of the merger exercise of their respective telecommunication subsidiaries in Bangladesh; namely, Robi Axiata Limited (“Robi”) and Airtel Bangladesh Limited (“Airtel”).

In completing the first telecoms merger in Bangladesh, Axiata now holds 68.7% controlling stake in the combined entity, while Bharti holds 25%. The remaining 6.3% continues to be held by the existing shareholder, NTT DOCOMO of Japan.

The combined entity will operate as Robi Axiata Limited and will serve approximately 32.2 million subscribers. The joint strengths of Robi and Airtel sets the stage to deliver the widest mobile network coverage across Bangladesh, enhancing its stronghold in the mobile internet segment as well as consolidating its position as the second largest operator in the country.

Towards long-term growth of the Bangladesh telecoms industry
Mahtab Uddin Ahmed, Chief Executive Officer of Robi said,“We are pleased to have reached the completion phase of the merger with Airtel. We are grateful and offer our utmost appreciation for the support of several parties, particularly our shareholders, the Ministry of Posts and Telecommunications, Bangladesh Telecommunication Regulatory Commission, and as well as Robi and Airtel consumers, all of which made this merger possible”.

“The merger strengthens the long-term sustainability of the Bangladesh telecoms landscape and business environment, and will secure faster nationwide rollout of mobile broadband as well as contribute significantly to the overall economy of the country. Our work now as a combined entity will be focused towards providing our 32.2 million subscribers an unparalleled portfolio of innovative mobile and broadband offerings at affordable rates.”

Tan Sri Jamaludin Ibrahim, President & Group Chief Executive Officer of Axiata said,“Axiata’s proven track record of successful strategic mergers and integrations in our other markets such as Indonesia, Sri Lanka and Cambodia has qualified the Group to lead the first telecoms merger and initiate market consolidation in Bangladesh.

“In-country consolidation has been one of the Group’s key focus in solidifying our position, unlocking profitability and opportunities of the market as well as ensuring better services to customers and the public. As a committed investor with over two decades of presence in Bangladesh, Axiata fully supports Robi’s continued efforts on nation building especially in bridging the digital divide and to achieve the Digital Bangladesh aspiration. We are confident this consolidation will secure the country’s further development not only within the telecommunications industry but also act as further impetus to fuel a more mature business and investment environment in Bangladesh.”

The completion follows the 28 January 2016 announcement of both parties entering into an exclusive discussion to explore possibility of combining the business operations in Bangladesh.

The merger was completed following the fulfilment of the condition precedents to the Agreement and filing of the Merger Filing with the Registrar of Joint Stock Companies and Firms of Bangladesh Court today.

About Axiata Group Berhad
As one of the largest Asian telecommunication companies, Axiata today operates in ten countries, servicing approximately 300 million subscribers. With a diverse portfolio in mobile network operations, communications infrastructure services and digital services, the Group pieces together the best in connectivity, technology and people in its vision of Advancing Asia.

Axiata (axiata.com) has controlling stakes in market leading mobile operators in South East Asia and South Asia. Axiata Group of companies operate under the brand name of ‘Celcom’ in Malaysia, ‘XL’ in Indonesia, ‘Dialog’ in Sri Lanka, ‘Robi’ in Bangladesh, ‘Smart’ in Cambodia and 'Ncell' in Nepal. Further to this, the Group also holds strategic interests in ‘Idea’ in India and ‘M1’ in Singapore.

‘edotco’, the Group’s infrastructure company, operates in six countries to deliver telecommunications infrastructure services, amassing a portfolio of over 16,000 towers and 12,000 km of fibre. It aims to be one of the top regional tower companies and is committed to responsible and sustainable business operations.

Axiata Digital (AD), its digital services arm, captures the rapid growth in internet-based businesses through its portfolio of 24 digital brands, servicing growing demands in mobile money, mobile adverting, e-commerce, entertainment and education.

As a committed and long-term investor, Axiata provides employment to 25,000 people within its operations. In line with its sustainability goals, the Group actively supports and drives young talent development; disaster response and recovery; as well as green initiatives.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Telecom / Wireless / VoIP / IPTV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Axiata

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick NewswireToday Visibility Checker

 

Distribution / Indexing: [+]  / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Telecom / Wireless / VoIP / IPTV articles,
CATCH Visitors via Your Competitors Announcements!


Axiata Announces Completion of Bangladesh’s First Telecoms Merger with Bharti Airtel

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
 
Publisher Contact: Gowri Mohanadas - Axiata.com 
+603-2263 8897 gowri[.]axiata.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Axiata securities in any jurisdiction including any other companies listed or named in this release.

Telecom / Wireless / VoIP / IPTV via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Axiata / Company Profile


Read Telecom / Wireless / VoIP / IPTV Most Recent Related Newswires:

Wiltshire Police to Deploy Pronto Digital Policing Application from Motorola Solutions
Qualcomm and Siemens Collaborate on 5G Smart Building Networks
Stromnetz Berlin Signs 10 Year Service Contract with Motorola Solutions
Motorola Solutions Transforming Operations for Frontline Staff
GBI Deploys Infinera’s ICE6 800G Optical Engine to Boost Capacity Ahead of the World Cup
Qualcomm and Adobe Unleash Creativity Across Snapdragon Mobile, Compute and XR Devices
Motorola Solutions to Supply Nationwide Network for Senegal’s Emergency Services
Infinera GX Solution Receives Telecom Infra Project Award for Open SDN Transport Requirements
Qualcomm Achieves Critical 5G Standalone mmWave Milestone in China
Motorola Solutions Presents Innovation Showcase to Enhance Safety and Trust at Africa Tech Festival 2022
NEC's New iPASOLINK™ VR4 and IAP3 ODU Now Support Channel Aggregation to Easily Double Link Capacity for 5G Networks
NEC Deploys Telecom Infra Project’s (TIP) Phoenix Open and Disaggregated Optical Whitebox Transponder in South Africa
NEC becomes First Vendor to be Awarded 'Requirements Compliant Bronze Badge' for 5G Open RAN Radio Units in Latest Published TIP Requirements 2.1
Qualcomm and Vodafone Partnering to Develop and Test Next-Generation 5G Open RAN Infrastructure
Motorola Solutions Acquires Futurecom Systems Group - A Leading Provider of Radio Coverage Extension Solutions

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Limelon Advertising, Co.

Visit  BizJobs.com





 
  ©2022 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are proudly NOT affiliated with USA TODAY (usatoday.com)