Merger to deliver superior experience and improve returns to shareholders Integration will unlock new opportunities for innovation, growth & benefit consumers Dialog Axiata PLC, Axiata Group Bhd and Bharti Airtel Ltd, signed a Definitive Agreement to combine their operations in Sri Lanka.
By Digital News Asia April 18, 2024Integration will unlock new opportunities for innovation, growth & benefit consumers
Dialog Axiata PLC, Axiata Group Bhd and Bharti Airtel Ltd, 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 which will amount to 10.355% of the total issued shares of Dialog by way of a share swap.
Gopal Vittal, MD & CEO Bharti Airtel said, “We are happy to merge our Sri Lanka operations with Dialog. Given the scale and unique propositions they offer, we are certain that our customers will continue to enjoy cutting edge services on a seamless network.” “It is a privilege to welcome the team at Airtel Lanka to the Dialog family and together we take a significant step forward in our commitment to delivering superior telecommunications services in Sri Lanka”, remarked Supun Weerasinghe, Director/Group Chief Executive of Dialog Axiata.
“The integration of Dialog and Airtel Lanka operations will unlock new opportunities for innovation and growth, and this will benefit consumers,” said Ashish Chandra, CEO, Bharti Airtel Lanka Ltd.
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