Airtel, Robi to combine business in Bangladesh

Axiata Group Berhad (“Axiata”) and Bharti Airtel Limited (“Bharti”) (collectively “Parties”) wish to announce that they have entered into an exclusive discussion to explore the possibility of combining the business operations of their telecommunication subsidiaries in Bangladesh; airtelnamely, Robi Axiata Limited and Airtel Bangladesh Limited.

There is no certainty that this discussion will lead into the execution of binding definitive agreements between the Parties, says a press release.

This announcement is to facilitate the on-going discussions and exchanges of information between the Parties, including but not limited to discussions with the relevant regulatory authorities.

Axiata and Bharti will issue further announcement in the event there is any material development on this matter.


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