InvestorQ : What could be the significance of Bharti Airtel enhancing its stake in the Bangladesh based telecom company, Robi Axiata?
diksha shah made post

What could be the significance of Bharti Airtel enhancing its stake in the Bangladesh based telecom company, Robi Axiata?

Answer
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Sam Eswaran answered.
3 months ago


This is the additional stake taken by Bharti Airtel in the Bangladesh based telecom company. Bharti Airtel will pick up an additional 6.3% stake in Dhaka based Robi Axiata Ltd, which is the second largest telecom company. Currently, Bharti already holds a 25% stake in the company. This will take the stake of Bharti Airtel to 31.3% in Robi Axiata. Bharti already holds a 100% stake in Warid Telecom of Bangladesh, which it acquired in two tranches in 2010 and 2013. Robi Axiata is a subsidiary of Axiata Telecom of Malaysia. Bangladesh has been one of the fastest telecom and digital market in the world and has seen a high level of technology acceptance in the nation. That is what is driving demand for telecom and data services of Bharti Airtel services.