Bharti International (singapore) Pte. Ltd. agreed to acquire 6.3% stake in Robi Axiata Limited from NTT DOCOMO, INC. (TSE:9437) on April 1, 2020. The consideration will be payable in cash. Presently, Robi Axiata Limited is held as to 6.3% by NTT DOCOMO and 25% by Bharti Airtel Limited. Post completion, Bharti Airtel Limited indirectly hold 31.3% stake in Robi Axiata Limited. The Bangladesh Telecommunication Regulatory Commission (BTRC) has approved the transaction and sent its recommendation to the telecom ministry. Graeme Preston and Joseph Fisher of Herbert Smith LLP (Tokyo, Japan) acted as legal advisors to NTT DOCOMO, INC.

Bharti International (singapore) Pte. Ltd. completed the acquisition of 6.3% stake in Robi Axiata Limited from NTT DOCOMO, INC. (TSE:9437) on June 9, 2020.