Robi Axiata Limited

Version 6.3 by Md. Touhidul Islam on 2021/07/11 16:41

Contents

Summary
Company Overview
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Summary

Robi Axiata Limited is a telecommunication operator in Bangladesh
It merged with Airtel on 16 November, 2016 to become the second largest operator in the country
The company recently has come to public on 24 December, 2020
The company raised BDT 5.237 billion from the initial public offering at BDT 10 per share in the secondary markets.
The company achieved a year-on-year subscriber growth rate of 3.9%, revenue growth of 1.1%, and profit growth of more than 100% in 2020.

Company Overview

Robi Axiata Limited is a public limited company in telecommunications sector of Bangladesh. The company is the second largest mobile network operator after Grameenphone with 50.9 million subscribers as of December, 2020.

Robi logo

As a mobile network operator, Robi competes with Grameenphone, Banglalink, and Teletalk. The company has emerged as the second largest operator in the country by merging with another competitor – Airtel. Robi merged with Airtel Bangladesh and has started commercial operation of the merged company under the name Robi Axiata Limited (Robi) on 16 November, 2016. The merger transaction was the biggest one ever in Bangladesh.

The core value of the company is a firm commitment to “Exceptional Performance and Uncompromising Integrity (UI-EP)” in creating value for customers by keeping them at the center. The company strives to keep pace with the evolving digital landscape of Bangladesh and provide customer centric digital services. It has four guiding principles – be agile, inspire to innovate, collaborate to deliver, and do digital.

four guiding principles

Robi Axiata Limited started its journey in Bangladesh in 1997 as Telecom Malaysia International (Bangladesh). The company had the brand name “Aktel” until 2010, when it has changed the name to “Robi”. The company has made its share market debut on 24December, 2020 in the two bourses – Dhaka Stock Exchange (DSE) and Chattogram Stock Exchange (CSE). The initial public offering of Robi has been the largest ever in Bangladesh. The ownership of the company (after merger) currently belongs to Axiata Group Berhad Malaysia (61.82%), Bharti Airtel of India (28.18%), and general public (10%).

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