Bharti International Singapore Pte Limited, a wholly owned subsidiary of Bharti Airtel has acquired an additional 6.3 per cent stake in Robi Axiata Limited from NTT DOCOMO Inc and its group entities in an all-cash deal.
With this, Bharti International, which had a 25 per cent stake in Bangladesh-based Robi Axiata, increased its stake to 31.3 per cent.
However, the deal amount has not yet been disclosed by the company.
According to Airtel, the transaction has been cleared by Bangladesh Telecommunication Regulatory Commission (BTRC).
Robi Axiata is a subsidiary of Axiata Investments (Labuan) Limited, which, in turn, is a unit of Malaysian telecom carrier, Axiata Group Berhad. Axiata has a controlling 68.7 per cent stake in the telco.