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Airtel, Axiata to merge operations in Sri Lanka - report

Thursday 11 February 2016 | 13:43 CET | News
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Indian mobile operator Bharti Airtel is in talks to merge its Sri Lanka unit into Dialog Axiata. The transactions involves a share-swap deal, ET reports, citing two unnamed people familiar with the matter. A potential Airtel Lanka-Dialog Axiata merger will be similar to the recent merger of Bharti Airtel and Axiata's telecom units in Bangladesh. Axiata will be the dominant shareholder and Airtel a strategic minority holder in the combined entity, the same sources added.

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Categories: Mobile & Wireless
Companies: Airtel / Bharti Airtel / Dialog
Countries: Sri Lanka
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