Japan's mobile firm NTT DoCoMo leaves Robi share
Published : Thursday, 2 April, 2020 at 6:15 PM Count : 305
Japan's mobile firm NTT DoCoMo has decided to leave Bangladesh mobile phone operator Robi Axiata. The firm will sell its 6.31 per cent share to Bharti Airtel.
DoCoMo already sent a letter to Bangladesh Telecommunication Regulatory Commission (BTRC) for its departure approval, and BTRC sent the letter to the Telecommunications and Information Technology Ministry seeking approval.
About the letter, Telecommunications Minister Mostafa Jabbar said, "I have not received the letter yet. A decision will be taken in this regard after the offices resume.”
In 2008, DoCoMo bought 30 per cent share of Robi (then AKTEL), owned by AK Khan and Company.
DoCoMo brought down its ownership to 8 per cent in 2013, and further brough down to 6 per cent when Airtel was combined with Robi in 2016.
Robi began its operations in the country in 1997, and the company claims that it has been losing profit most of the time.
By securing DoCoMo’s stake, Bharti Airtel will hold 31.31 per cent of the second largest mobile phone operator in Bangladesh. DoCoMo has not made any official announcement to leave Robi's ownership.