Dialog, Axiata, Bharti Airtel Merge in Sri Lanka for Superior Experience and Returns

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Dialog, Axiata, Bharti Airtel Merge in Sri Lanka for Superior Experience and Returns

Team FS

18/Apr/2024

Key Points:

Strategic Merger: Dialog Axiata, Axiata Group, and Bharati Airtel sign definitive agreement to combine operations in Sri Lanka, with Dialog acquiring 100% of Airtel Lanka's shares.
Regulatory Approval: Telecommunications Regulatory Commission of Sri Lanka grants approval for the merger, highlighting its significance in advancing telecom services in the country.
Enhanced Services: Merger aimed at achieving economies of scale, reducing duplication, and delivering enhanced broadband connectivity, voice, and value-added services to consumers.

A groundbreaking alliance is set to reshape Sri Lanka's telecommunications sector as Dialog Axiata, Axiata Group Berhad, and Bharati Airtel Limited come together to combine their operations in the island nation. The signing of a definitive agreement marks a significant milestone in the telecom industry, paving the way for Dialog to acquire 100% of Airtel Lanka's shares through a share swap with Bharati Airtel.

Regulatory Green Light: Advancing Telecom Services
The proposed merger has received approval from the Telecommunications Regulatory Commission of Sri Lanka (TRCSL), signaling a clear path forward for the consolidation of telecom services in the country. This regulatory endorsement underscores the shared vision of the parties involved to accelerate the adoption of telecommunications services and foster innovation in Sri Lanka's telecom landscape.

Delivering Enhanced Connectivity and Services
The consolidation of operations between Dialog and Airtel Lanka is poised to unlock a myriad of benefits for consumers and enterprises alike. By leveraging economies of scale and streamlining infrastructure, the merged entity aims to enhance broadband connectivity, voice services, and value-added offerings. The synergy between the two telecom giants promises cost savings, operational efficiencies, and ultimately, an elevated telecommunications experience for users across Sri Lanka.

Stakeholder Perspectives:

Vivek Sood, Group CEO and Managing Director of Axiata Group Berhad: Emphasizes the strategic alignment of the merger with Axiata's market consolidation strategy, highlighting the potential for value creation and synergies for shareholders.
Dr. Hans Wijayasuriya, CEO Telecommunications Business and Group Executive Director of Axiata: Foresees a promising future for Sri Lanka's telecom sector, fueled by the combined strengths of the two leading telco groups and their commitment to customer experience and innovation.
Gopal Vittal, MD & CEO Bharati Airtel Limited: Expresses confidence in the seamless integration with Dialog and the continued delivery of cutting-edge services to customers in Sri Lanka.

A New Era of Telecom Innovation:
The integration of Dialog and Airtel Lanka operations heralds a new era of innovation and growth in Sri Lanka's telecom sector. With a shared commitment to excellence and customer-centricity, the merged entity is poised to unlock new opportunities, drive digital transformation, and elevate the telecommunications experience for consumers and businesses across the nation.

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Dialog, Axiata, Bharti Airtel Merge in Sri Lanka for Superior Experience and Returns

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