Robi Axiata Limited is a public limited company, where Axiata Group Berhad of Malaysia holds the controlling stake of 61.82%, Bharti Airtel of India holds 28.18%, and general public holds the remaining 10% stake. The company made its debut in the country’s twin stock markets in Dhaka and Chattogram on the 24th of December 2020 with the largest ever IPO.
The company commenced operation in 1997 as Telekom Malaysia International (Bangladesh) with the brand name ‘Aktel’. In 2010, it was rebranded as ‘Robi’ and the company changed its name to Robi Axiata Limited.
Robi is the second largest mobile network operator in Bangladesh with 53.7Mn subscribers, out of which close to 23.8Mn are 4G subscribers, as of end of 2021. The company also boasts having the highest percentage of data users (73.7%) in the industry.