Bharti Airtel, Malaysian Axiata Group may merge Sri Lankan units
Bharti Airtel and Malaysia’s Axiata Group are mulling over a merger of their operations in Sri Lanka, in a share-swap deal, to create a company serving half the country’s 25 million mobile connections, according to an ET report. Axiata Group’s Sri Lankan unit Dialog Axiata is the market leader with 10.5 million connections and 41% share, whereas Airtel Lanka has a 9% share with 2.3 million mobile customers. Mobitel, which... Read More
