Commenting on the merger approval, Robi’s Chief Corporate and People Officer (CCPO) Matiul Islam Nowshad said that, “We are pleased to learn that the Honorable High Court has kindly approved the Scheme of Amalgamation between Robi Axiata Limited (Robi) and Airtel Bangladesh Ltd. (Airtel).
The approval follows the formal merger agreement signed in January 2016, between Axiata Group Bhd (Axiata) and Bharti Airtel of India (Bharti) to merge their respective operations in Bangladesh. The approval, granted by the Honorable High Court, represent a significant milestone in the merger process. The completion of the proposed merger is subject to fulfillment of specific conditions mandated by the High Court and completion of conditions precedent as defined in the merger agreement. Accordingly the proposed merger is expected to be completed by fourth quarter of 2016.”
