Bharti Airtel increases stake in Bangladesh’s Robi Axiata to 31.3%

REUTERS/Adnan Abidi

Bharti Airtel Ltd on Tuesday said its wholly-owned subsidiary Bharti International (Singapore) Pte. Ltd has bought an additional 6.3% stake in Bangladesh’s second-largest telecom operator Robi Axiata Ltd for an undisclosed amount from Japanese telecom major NTT Docomo Inc.

Bharti Airtel’s stake in Robi Axiata now stands at 31.3%. Malaysia-based Axiata Group Berhad owns the remaining 68.7% stake in the company.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter