Airtel Bangladesh

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Airtel Bangladesh Limited
Subsidiary
IndustryTelecommunication
FateMerged into Robi
PredecessorWarid Telecom Bangladesh
SuccessorRobi
FoundedMay 10, 2007; 12 years ago (2007-05-10)
DefunctJanuary 6, 2016 (2016-01-06)
Headquarters,
Area served
Bangladesh
ProductsMobile Telephony
Broadband
Internet Services
ParentBharti Airtel
Websitebd.airtel.com

Airtel Bangladesh Limited (Bengali: এয়ারটেল), a wholly owned subsidiary of the indian multinational company Bharti Airtel, was a mobile network operator in Bangladesh. On January 2016, Bharti Airtel announced that it would merge its operations in Bangladesh into Robi.

Re-branding[edit]

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$300 million. 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 4 Jan 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 20 December 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 8 September 2013, Airtel Bangladesh received 5  MHz of the 3G spectrum at US$1.25 million.

Merger Details[edit]

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 25.0%, and the remaining 6.3% 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 26 June 2016.
  2. ^ Krishna, R. Jai; Sahu, Prasanta (12 January 2010). "Bharti Airtel to Buy Warid Telecom for $300 Million". The Wall Street Journal. Retrieved 21 December 2010.
  3. ^ Ahmed, Rumman (5 January 2010). "Bharti Airtel to Invest $300 Million in Warid Telecom". The Wall Street Journal. Retrieved 21 December 2010.
  4. ^ "Bharti Buys out airtel Bangladesh". The Daily Star. Retrieved 9 October 2013.
  5. ^ "Robi-Airtel merger defers again". The Daily Star. Retrieved 26 June 2016.
  6. ^ "Airtel spends $80 million for additional 30% stake in Airtel Bangladesh". The Daily Ittefaq. Retrieved 2 February 2016.
  7. ^ "Axiata and Bharti Airtel Agree to Merge Operations in Bangladesh". Axiata. 28 January 2016. Archived from the original on 1 December 2017. Retrieved 29 January 2016.
  8. ^ "Malaysia's Axiata and India's Bharti to merge subsidiaries". Reuters. 28 January 2016. Retrieved 29 January 2016.
  9. ^ "Robi, Airtel complete merger". The Daily Star. 16 November 2016. Retrieved 11 August 2018.