Bharti Airtel on Tuesday said its Singapore-based Bharti International has bought an additional 6.3 per cent stake in Bangladesh-based Robi Axiata Ltd.
"Bharti International (Singapore), a step-down subsidiary of the company, has acquired additional 6.3 per cent stake in Robi Axiata Limited (an entity in Bangladesh) from NTT DOCOMO and its group entities," Bharti Airtel said in a regulatory filing.
However, did not disclose the amount of acquisition.
Bharti International currently owns 25 per cent share in the Dhaka-headquartered company.
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, based in Malaysia.