CURRENT AFFAIRS

Detailed explanation-1: -New Delhi: The merger between Bharti Airtel Ltd and Robi Axiata Ltd was completed on Wednesday to create the second largest telecom company in Bangladesh.

Detailed explanation-2: -Airtel (Bengali: ) is a Bangladeshi telecommunications company. It was managed by Bharti Airtel Bangladesh until 2016, when Bharti Airtel Bangladesh merged its operations into Robi Axiata Ltd. Following the merger, Airtel Bangladesh remained as a product brand of Robi Axiata.

Detailed explanation-3: -Bharti now provides all telecom services including fixed line services under the common brand Airtel.

Detailed explanation-4: -Both the parent companies of Robi and Airtel opened talks on a possible merger at the end of August 2015, and a deal was signed on January 28 this year. In the merged entity, Axiata, the parent company of Robi, will hold a 68.7 percent controlling stake.

Detailed explanation-5: -Finally Robi and Airtel were merged on 16 November 2016 and Robi set sail as the merged company. Later on, in 2020, after a decade with Robi, NTT Docomo decided to leave Bangladesh by selling its remaining stake in Robi Axiata Limited to Bharti International.