Thursday 28 Mar 2024
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KUALA LUMPUR: Axiata Group Bhd and Bharti Airtel Ltd (Bharti) are exploring the possibility of combining the telecommunication businesses of their subsidiaries in Bangladesh.

According to Axiata’s filing with Bursa Malaysia yesterday, both parties have entered into an exclusive discussion for the above purpose.

Axiata and Bharti said they will issue further announcements in the event there is any development on the matter.

Both parties intend to combine the operations of their telecommunication subsidiaries in Bangladesh, namely Robi Axiata Ltd and Airtel Bangladesh Ltd, the filing stated.

Axiata ventures into the Bangladesh telecommunication field via Robi Axiata Ltd, a joint venture company between Axiata and NTT DoCoMo Inc of Japan.

Bharti secured its presence in Bangladesh after it acquired a majority of the shares in Airtel Bangladesh Ltd in 2010.

 

This article first appeared in digitaledge Daily, on September 10, 2015.

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