Dialog Axiata signs deal to acquire Bharti Airtel s Sri Lanka operations colombogazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from colombogazette.com Daily Mail and Mail on Sunday newspapers.
Dialog Axiata and its parent company Axiata Group announced on Thursday that they have signed a definitive agreement to effectively take over Bharti Airtel’s Sri Lankan operations, reducing the number of mobile operators in the country to three.
Dialog Axiata PLC (“Dialog”), Axiata Group Berhad (“Axiata”) and Bharti Airtel Limited (“Bharti Airtel”) (collectively “the Parties”), signed a Definitive Agreement to combine their operations in Sri Lanka. Under this agreement, Dialog will acquire 100% of the issued shares in Airtel Lanka, in consideration of which Dialog will issue to Bharti Airtel, ordinary voting shares…