Robi’s Reddot to launch subsidiary

Reddot Digital Ltd, owned by mobile network provider Robi, is going to launch a new subsidiary, called "AxEnTec PLC", to sell and distribute IT solutions and digital services in Bangladesh.

It will also serve the market through sales, distribution and marketing services for connectivity, ICT, software, application and hardware solutions. This includes data centres, cloud and cloud infrastructure, the Internet of Things (IoT), and cyber security.

On July 12, the board of Reddot approved the scheme, which will have its registered office in Bangladesh, the company said in a disclosure on the Dhaka Stock Exchange yesterday.

However, Reddot will continue its operations of IT and ICT software, applications and other related solutions.