Mobile phone operator Robi is going to launch a new subsidiary "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 solutions, software, applications and hardware, including data centre, cloud and cloud infrastructure, the Internet of Things (IoT), and cyber security.

On July 12, the board of Reddot approved the scheme, whose registered office will be in Bangladesh, Robi said in a disclosure on the Dhaka Stock Exchange today.

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