Robi Axiata to go Public After Merger with Airtel - Report

15 October 2016
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Robi Axiata to go Public After Merger with Airtel - Report Image Credit: Robi Axiata

Chari TVT, Axiata Group's Chief Financial Officer during the recent 'Axiata Regional Media Summit 2016', said that the company plans to float Robi shares in the Bangladesh capital market after the merger with Airtel, reported Bangladesh News 24 hours.

Chari said, "There is pressure from the regulators as well to enter the stock market. We hope we will go to stock market through IPOs once the merger with Airtel is complete."

Recently, Bharti Airtel, the world’s third largest telco by subscribers, has entered into exclusive discussions with the Axiata Group to explore the possibility of combining the business operations of the operations of Robi Axiata and Airtel Bangladesh. In August, both companies received the much needed go-ahead for the merger from the Prime Minister’s office.

With Airtel Bangladesh's customer base of over 9 million and Robi Axiata's 28 million, the combined entity will become the country's second largest mobile phone operator after Telenor owned Grameenphone that has over 37 million customers.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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