Grameenphone and Robi are being integrated

May 07, 2019
TechsamirBD

Grameenphone's parent company Norway Telenor is discussing the formation of an integrated company with 300 million subscribers of Malaysia's Axiata Group. If two companies unite, they will have the largest share in Asia.

But after the contract was completed, it is known that Robi Axiata will operate their business independently in Bangladesh. The headquarter of the joint ownership company will be set in Kuala Lumpur, Malaysia's capital. The notification said that the matter could be finalized by September this year.

When combined, Telenor will hold 56.5 percent shares. Axiata will hold 43.5 percent shares.

If the two companies are unified, they will take over the Telecom business in nine countries of Asia. Bangladesh, Cambodia, Malaysia, Nepal, Sri Lanka and Indonesia are in the possession of telecommunications business Axiata. In Malaysia, Bangladesh, Pakistan, Thailand and Myanmar Telenor operates their business in Asia.

An analyst in this regard said, although the plan is clear, it may discuss regulatory barriers associated with strategic security issues.

Telenor Group's official press release said the deal could be completed in the third quarter of the year. If the two companies are unified, they will take over the Telecom business in nine countries of Asia. Together, 60 thousand mobile towers will be operated.
In a press release sent by Axiata, it is said that they will work independently in Bangladesh.

Regarding the agreement Telenor Group President and Chief Executive Officer (CEO) Sigave Brekk said, "I believe this agreement will be very beneficial for the investors." Customers will also benefit from this.

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