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Airtel to merge Sri Lankan unit with Dialog Axiata to form island country's largest telco
Source Mint (opens in a new tab)Press Release (opens in a new tab)
Bharti Airtel Lanka is to merge its operations with Dialog Axiata, promoted by Malaysia-based Axiata Group Berhad, which is Sri Lanka's largest mobile network operator with 17.4 million subscribers, (57% market share). Airtel Lanka has over 5 million customers and operates in 25 administrative districts. The deal will be executed through a share swap via which Delhi-based, publicly listed Bharti Airtel will get a stake in Dialog.