Dhaka, May 6 (UNB) - Robi, digital services provider, on Monday announced that it will not be a part of the recently proposed merger of Axiata Group and Telenor Group.
It will remain a direct subsidiary of Axiata post completion of the proposed transaction, Robi said in a press release reacting to the discussion between the groups to combine their telecom and infrastructure assets in Asia.
The proposed merger will not impact Bangladesh market as Robi will be separately and independently managed by Axiata.
Earlier, Telenor Group and Axiata Group Berhad announced that they have been discussing to combine their telecom and infrastructure assets in Asia (MergeCo), in which Telenor would take a majority stake.
The parties were aiming to create a leading, well diversified Pan-Asian telco with operations in nine countries with a total population of close to one billion people.
Telenor's Asian footprint includes Thailand, Malaysia, Bangladesh, Pakistan and Myanmar. Axiata has been operating companies in Malaysia, Bangladesh, Cambodia, Nepal, Sri Lanka and Indonesia, and the tower business edotco.