Airtel Bangladesh

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Robi Axiata Limited
independent product brand of Robi
Industry Telecommunication
Fate merged into Robi
Predecessor Airtel Bangladesh Limited; Warid Telecom Bangladesh
Founded May 10 2007
Headquarters Robi Corporate Office, 53, Gulshan South Avenue, Gulshan, Dhaka-1212, Bangladesh
Key people
Mr. Mahtab Uddin Ahmed (CEO)
Products Mobile Telephony, EDGE, GSM, GPRS, UMTS, HSDPA, HSUPA, HSPA, HSPA+, LTE-A
Parent Axiata (68.7%), Bharti Airtel (25%), NTT Docomo (6.3%)
Website bd.airtel.com

airtel (Bengali: এয়ারটেল), in Bangladesh, is an independent product brand of Robi Axiata, since Robi Axiata Limited is the Licensee of 'airtel' Brand in Bangladesh.

airtel Bangladesh logo as of 2015

In 2010, Warid Telecom sold a majority 70% stake in the company to India's Bharti Airtel Limited for US$100,000. Bharti's proposal also included an initial $300-million investment in Warid for creating new shares in the company.[1][2] The Bangladesh Telecommunication Regulatory Commission approved the deal on Jan 4, 2010.[3] Bharti Airtel Limited took management control of the company and its board, and re-branded the company's services under its own 'airtel' brand from December 20, 2010.

In March, 2013, Warid Telecom sold its rest 30% share to Bharti Airtel's Singapore-based concern Bharti Airtel Holdings Pte Limited for US$ 85 million.[4][5][6]

On September 8, 2013, Airtel Bangladesh received 5 MHz of 3G spectrum at US$ 1.25 million.

In January 2016, Robi and Airtel Bangladesh announced that they intended to merge their operations in Bangladesh, that the combined entity would be called Robi, which would serve about 32 million subscribers, and in which Axiata Group would own 68.7% of the shares, Bharti Group would own 25%, with the remainder owned by NTT DoCoMo.[7] [8] The merger was completed in November 2016.[9]

See also[edit]

References[edit]

  1. ^ "Bharti bags Bangladesh's Warid for bargain price of Rs 45 lakh". The Economic Times. Retrieved 2016-06-26. 
  2. ^ Krishna, R. Jai; Sahu, Prasanta (2010-01-12). "Bharti Airtel to Buy Warid Telecom for $300 Million". The Wall Street Journal. Retrieved 2010-12-21. 
  3. ^ Ahmed, Rumman (2010-01-05). "Bharti Airtel to Invest $300 Million in Warid Telecom". The Wall Street Journal. Retrieved 2010-12-21. 
  4. ^ "Bharti Buys out airtel Bangladesh". The Daily Star. Retrieved 9 Oct 2013. 
  5. ^ "Robi-Airtel merger defers again". The Daily Star. Retrieved 26 Jun 2016. 
  6. ^ "Airtel spends $80 million for additional 30% stake in Airtel Bangladesh". The Daily Ittefaq. Retrieved 2 Feb 2016. 
  7. ^ "Axiata and Bharti Airtel Agree to Merge Operations in Bangladesh". Axiata. 2016-01-28. Retrieved 2016-01-29. 
  8. ^ "Malaysia's Axiata and India's Bharti to merge subsidiaries". Reuters. 2016-01-28. Retrieved 2016-01-29. 
  9. ^ "Robi Airtel complete merger". The Daily Star.