Dialog Axiata inks deal to acquire Airtel Lanka via share swap
by The Star
The Star— KUALA LUMPUR: Axiata Group Bhd's Sri Lankan unit Dialog Axiata PLC will acquire rival telco Airtel Lanka from Bharti Airtel Limited in exchange for 10.355% of the total issued shares in Dialog.
TelecomTV—Dialog Axiata bulks up with Airtel Lanka acquisition. Dialog Axiata has agreed to buy Bharti Airtel’s unit in Sri LankaThis will further solidify Dialog’s leading position in the market and take its total customer
Mobile World Live—Axiata, Airtel move ahead with Sri Lanka tie-up. Axiata Group and Bharti Airtel finalised a deal to merge their operations in Sri Lanka, consolidating the market down to three major players a year after proposing a tie-up.
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