Bharti Airtel’s subsidiary to merge with Dialog Axiata and Axiata Group

bharti-airtel

In a move to strengthen its foothold in Sri Lanka’s telecom market, Bharti Airtel has inked a binding term sheet with Dialog Axiata Plc and Axiata Group Berhad to merge their operations. The merger will see Bharti Airtel Lanka, a fully owned subsidiary of Airtel, joining forces with Dialog Axiata Plc, which is also a subsidiary of Axiata Group Berhad. However, the regulatory approvals are yet to be obtained and discussions are still underway. The proposed deal is expected to be completed within the next 12 months and aims to create a more competitive player in the market that offers customers an extensive range of products and services while driving growth and profitability for the merged entity.