Business Standard

Friday, December 27, 2024 | 12:11 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Bharti Airtel arm buys additional 6.3% stake in Bangladesh's Robi Axiata

The deal has been approved by Bangladesh Telecommunication Regulatory Commission

Bharti Airtel
Premium

Robi is the second largest mobile network operator in Bangladesh

Agencies
Bharti Airtel on Tuesday said its subsidiary has acquired an additional 6.3 per cent stake in Bangladesh's telecom operator Robi Axiata from NTT Docomo for an undisclosed sum.

The all-cash deal will raise the stake of Bharti International (Singapore) -- wholly-owned subsidiary of Bharti Airtel -- in Robi Axiata to 31.3 per cent from 25 per cent at present, the company said in a BSE filing.

"...Bharti International (Singapore) Pte Ltd (directly and through its affiliate entities)... has acquired additional 6.3 per cent stake in Robi Axiata Limited (an entity in Bangladesh) from NTT Docomo Inc and its group entities,

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in