Dialog Axiata and Airtel to Combine Operations in Sri Lanka
Dialog Axiata, Axiata Group, and Bharti Airtel have signed a binding term sheet to combine the operations of Airtel's wholly-owned subsidiary in Sri Lanka with Dialog, a subsidiary of Axiata Group. The proposed transaction involves Airtel being granted a stake in Dialog, representing the fair value of Airtel Lanka. Airtel will be issued new shares in Dialog upon completion of the transaction. Read More - Airtel Lanka Is Shutting Down... Read More