Axiata, Dialog, Bharti Airtel to merge operations in Sri Lanka

PETALING JAYA: 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.

“These include clearance from the Colombo Stock Exchange and completion of other applicable legal, corporate, and regulatory compliance procedures,” the statement said. “This consolidation will enable the merged entity to garner economies of scale, reduce duplication of infrastructure, achieve synergies in technology and capital expenditure, leading to enhanced high-speed broadband connectivity, voice and value-added services, cost savings, and operational efficiencies,” the statement said.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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