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Home >Companies >News >Bharti Airtel arm buys 6.3% more stake in Robi Axiata from NTT Docomo

Bharti Airtel's subsidiary on Tuesday bought an additional 6.3% stake in Robi Axiata from NTT Docomo for an undisclosed amount.

Bharti International (Singapore), a whole owned subsidiary (step-down) of Bharti Airtel currently owns 25% stake in Robi Axiata, an entity in Bangladesh. BISPL has acquired additional 6.3% stake in Robi from NTT DOCOMO and its group entities.

Acquisition of the ordinary shares of Robi from Docomo is done at mutually-agreed valuation.

"The said valuation is non-material and is not disclosed herein due to reasons of confidentiality," the company said in a BSE filing.

Robi is the second largest mobile network operator in Bangladesh. Robi is a subsidiary Company of Axiata Investments (Labuan) Limited, which is also the subsidiary of the leading Asian telecom giant, Axiata Group Berhad, which is based in Malaysia.

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