Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Robi Axiata has appointed M Riyaaz Rasheed as acting CEO, effective February 1, 2025, following Rajeev Sethi’s transition to a new role within Axiata Group. Rasheed, the current CFO, had previously served as acting CEO before Sethi’s appointment in 2022. Robi is the second-largest mobile operator in Bangladesh.
Robi reported a 5% revenue decline in Q3 2024, impacted by an internet shutdown and floods. Revenue reached 2,474.4 crore taka, with voice revenue up 3.7% but data revenue down 15.5%. Despite challenges, profit after tax grew significantly, reflecting strong cost efficiency measures.