|Published : 19 Oct 2016, 00:28:42|
BTRC gives final nod to merger of Robi-Airtel
Bangladesh's first ever merger proposal of two mobile phone operators -- Robi and Airtel -- has got the final approval from the telecom regulator, reports BSS.
Bangladesh Telecommunication Regulatory Commission (BTRC) in a meeting Tuesday, cleared the proposal terming it a "positive move" for the telecom industry of the country.
Talking to the news agency, BTRC Chairman Dr Shahjahan Mahmood said they have approved the merger proposal as it is in line with the consent of the High Court.
Terming the merger as good, the chairman hoped it would bring positive change to the industry.
Replying to the queries regarding payment and spectrum, Dr Mahmood said they made some observations, but those are "minor". With the final approval of the BTRC, way of amalgamation of both the operators has been cleared.
"Making the payment with fulfilling the terms and conditions, they (robi and airtel) could merge," added the BTRC Chairman.
About the Voluntary Retirement Scheme (VRS), he said they have approved four basics for the VRS to protect the employee's interest. Officials said Robi and airtel would complete the amalgamation process within a month. The High Court on August gave nod to the merger proposal.
On August 01, Prime Minister Sheikh Hasina, also the Minister of Posts, Telecommunications and Information Technology, gave her consent to the amalgamation with merger fee of Tk1.0 billion (100 crore) and per Megahertz 2G spectrum fees of Tk 338 million (33.8 crore).
At present, Airtel is using 15 MHz of 2G spectrum and its license would expire in 2020. If Robi acquires the entire spectrum, the operator has to deposit a total of Tk 5.07 billion to the telecom regulator.