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’s robust profit growth amid revenue challenges underscores its operational resilience and strategic investment in digital transformation, positioning it for sustainable growth in Bangladesh’s competitive telecom market.
Robi Axiata’s Axentec launched Bangladesh’s first Tier-IV cloud platform, offering local enterprises data sovereignty, robust AI-ready infrastructure, and BDT-based pricing. The service is hosted in Jashore and Bhulta, designed to support key sectors and national data compliance.
Robi Axiata appointed telecom veteran Ziad Shatara as its new CEO starting September 1, with acting CEO M Riyaaz Rasheed transitioning back to CFO. Ziad’s extensive global experience in telecom leadership and transformation equips him to drive Robi’s next chapter of innovation and growth.
Robi Axiata has appointed M Riyaaz Rasheed as acting CEO, following the reassignment of Rajeev Sethi to a new role within the Axiata Group. Rasheed, the company’s CFO, had previously served as acting CEO in 2021. Robi is the second-largest mobile operator in Bangladesh, with 5.71 crore subscribers.
Robi Axiata has partnered with The Binary Holdings to introduce Web3-powered gamification, offering rewards for user interactions such as content creation and data usage. This collaboration aims to enhance user engagement, increase revenue, and drive blockchain adoption in Bangladesh’s rapidly growing digital market, benefiting over 40 million subscribers.
Robi Axiata has partnered with bKash to streamline financial management by using bKash’s B2B cash collection solution. This collaboration enables Robi’s distribution houses across Bangladesh to make cashless, secure, and transparent transactions, improving efficiency and promoting a digital transaction ecosystem in the country.
Robi Axiata posted a record profit of Tk 7.03 billion in 2024, a 119% increase year-on-year, despite a challenging market environment. Revenue grew by less than 1%, with voice and data revenue rising modestly. The company declared a 15% cash dividend, the highest since its market listing in 2020.