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Bharti Airtel arm picks up 6.3% stake in Dhaka-based telcom firm

Deal value not known; Robi is the second largest mobile network operator in Bangladesh

Bharti Airtel
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However, the company did not disclose the amount paid for the acquisition.

Megha Manchanda New Delhi
Bharti Airtel on Tuesday said its Singapore-based Bharti International has bought an additional 6.3 per cent stake in Bangladesh-based Robi Axiata Ltd.

"Bharti International (Singapore), a step-down subsidiary of the company, has acquired additional 6.3 per cent stake in Robi Axiata Limited (an entity in Bangladesh) from NTT DOCOMO and its group entities," Bharti Airtel said in a regulatory filing. 

However, did not disclose the amount of acquisition.

Bharti International currently owns 25 per cent share in the Dhaka-headquartered company.


Robi is the second

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