Axiata Group Bhd, Dialog Axiata PLC and Bharti Airtel Ltd signed a definitive agreement today to combine their operations in Sri Lanka, including the acquisition of the entire issued shares of Bharti Airtel Lanka Ltd.
The transaction is subject to the approval of Dialog's shareholders and pending completion of specific conditions outlined in the share sale agreement. The Telecommunications Regulatory Commission of Sri Lanka has granted its approval for the proposed merger, underscoring its vision to advance the adoption of telecommunications services across Sri Lanka.
Axiata group CEO and managing director Vivek Sood said the merger between Dialog and Airtel Lanka aligns with Axiata’s strategy of market consolidation and resilience.
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