Airtel announces merger with Axiata in Bangladesh
Telecom operator Bharti Airtel on Wednesday announced the completion of the merger of its subsidiary unit in Bangladesh with Robi Axiata. Post-merger, Axiata will hold 68.7% stake in the entity while Airtel will hold 25% and the remaining 6.3% stake will be held by NTT DoCoMo, a statement read. This entity will now be the second-largest mobile operator in Bangladesh.