bdnews24.com :
The High Court has greenlighted the merger between mobile phone operators Robi and Airtel. After the deal, the new entity will become the second largest mobile phone operator in Bangladesh and operate as Robi.
Robi will have 25 percent ownership over the new company, in line with BTRC recommendations as the operator’s 3G licence
has a 2018 deadline. Justice Syed Refaat Ahmed’s bench approved the merger on Wednesday, clearing the path for the telecoms regulator to give the final clearance if there is no objection from any party.
Barrister Tanjib Ul Alam represented the mobile phone operators, while Barrister Khandker Reza-e Rakib stood for the BTRC. Tanjib later told reporters, “Airtel owes money to different banks. The High Court has approved the merger provided that the dues are paid.” According to the government’s condition, employees of both companies will have to be appointed in the new entity. If anyone does not want to join the new company, he or she will have to be allowed to leave through the ‘Voluntary Requirement Scheme’.
The process will have to be complete within a month after receiving the copy of the court order. After the deal, Robi and Aritel’s combined customer strengths will increase to around 40 million, which is one fourth of Bangladesh’s total mobile-phone subscribers.
The High Court has greenlighted the merger between mobile phone operators Robi and Airtel. After the deal, the new entity will become the second largest mobile phone operator in Bangladesh and operate as Robi.
Robi will have 25 percent ownership over the new company, in line with BTRC recommendations as the operator’s 3G licence
has a 2018 deadline. Justice Syed Refaat Ahmed’s bench approved the merger on Wednesday, clearing the path for the telecoms regulator to give the final clearance if there is no objection from any party.
Barrister Tanjib Ul Alam represented the mobile phone operators, while Barrister Khandker Reza-e Rakib stood for the BTRC. Tanjib later told reporters, “Airtel owes money to different banks. The High Court has approved the merger provided that the dues are paid.” According to the government’s condition, employees of both companies will have to be appointed in the new entity. If anyone does not want to join the new company, he or she will have to be allowed to leave through the ‘Voluntary Requirement Scheme’.
The process will have to be complete within a month after receiving the copy of the court order. After the deal, Robi and Aritel’s combined customer strengths will increase to around 40 million, which is one fourth of Bangladesh’s total mobile-phone subscribers.
