A PYMNTS Company

Malaysia: Axiata and Airtel finalize their merger deal in Bangladesh

By  |  January 31, 2016

Mobile phone operators Robi and Airtel yesterday signed a merger deal that would make the combined entity the second largest operator in Bangladesh. The merger is now awaiting the approval from the telecom regulator.

The agreement was signed in the Malaysian capital of Kuala Lumpur. The merged company will operate under the brand name of Robi.

“The highly competitive and crowded telecom sector of Bangladesh solicits consolidation and we believe this merger will form greater economies of scale for both the groups,” said Supun Weerasinghe, chief executive officer of Robi.

Going forward, the combined capabilities of Robi and Airtel will be directed towards providing customers an unparalleled portfolio of innovative mobile and broadband offerings at affordable rates, Weerasinghe said.

“We believe this to be a powerful differentiating factor and a very compelling value proposition for our customers.”

Full content: The Daily Star

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.