Economic Reporter :
The merger proposal of Robi-Airtel has been sent to the Prime Minister’s Office (PMO) for final approval incorporating merger fees of Taka 100 crore.
Posts and Telecommunications Division (PDT) on Sunday forwarded a summary of the merger proposal to the Prime Minister Sheikh Hasina for her consent, as she is also the minister of ministry of posts, telecommunications and information technology, an official of PDT told The New nation On Sunday.
Apart from the merger fees, he said, the PDT has also fixed up Taka 33.8 crore for per Megahertz of 2G spectrum.
Earlier, on July 13, an inter-ministerial meeting, chaired by finance minister A M A Muhith, finalized the merger fees and spectrum prices.
The PDT in the proposal has incorporated several conditions for the country’s first ever merger in telecommunication sector.
At present, Airtel is using 15 MHz of 2G spectrum and its license would be expired in 2020. If Robi acquires the entire spectrum, the operator has to deposit a total of Taka 507 crore to the telecom regulator.
According to the terms and conditions, “They (Robi) have to submit a specific plan on human resource management to the telecom regulator to ensure job security of employees so that no one is terminated or any unemployment is created centering the proposed merger.”
Besides, a Voluntary Retirement Scheme (VRS) or Voluntary Separation Scheme (VSS) has to be prepared following the best practice of multinational companies, which has also to be submitted to the telecom regulator.
The merger proposal of Robi-Airtel has been sent to the Prime Minister’s Office (PMO) for final approval incorporating merger fees of Taka 100 crore.
Posts and Telecommunications Division (PDT) on Sunday forwarded a summary of the merger proposal to the Prime Minister Sheikh Hasina for her consent, as she is also the minister of ministry of posts, telecommunications and information technology, an official of PDT told The New nation On Sunday.
Apart from the merger fees, he said, the PDT has also fixed up Taka 33.8 crore for per Megahertz of 2G spectrum.
Earlier, on July 13, an inter-ministerial meeting, chaired by finance minister A M A Muhith, finalized the merger fees and spectrum prices.
The PDT in the proposal has incorporated several conditions for the country’s first ever merger in telecommunication sector.
At present, Airtel is using 15 MHz of 2G spectrum and its license would be expired in 2020. If Robi acquires the entire spectrum, the operator has to deposit a total of Taka 507 crore to the telecom regulator.
According to the terms and conditions, “They (Robi) have to submit a specific plan on human resource management to the telecom regulator to ensure job security of employees so that no one is terminated or any unemployment is created centering the proposed merger.”
Besides, a Voluntary Retirement Scheme (VRS) or Voluntary Separation Scheme (VSS) has to be prepared following the best practice of multinational companies, which has also to be submitted to the telecom regulator.
