Dialog, Airtel Lanka merger deal expected in 2016

10 Mar 2016

The merger deal between Dialog Axiata and the Sri Lankan unit of Indian-backed Bharti Airtel will go through this year, according to local paper the Sunday Times, citing Dialog Axiata Chairman Datuk Azzat Kamaludin. Delivering a keynote speech at ‘Sri Lanka Investment and Business Conclave 2016’, Datuk Azzat reportedly said that Dialog is keen to expand its spectrum and that Airtel ‘fitted the bill’, noting that the share swap will go through this year.

As previously reported by TeleGeography’s CommsUpdate, in December 2015 Sri Lanka’s largest mobile operator by subscribers, Dialog Axiata, was believed to be in negotiations to buy fifth-placed player Bharti Airtel Lanka for USD100 million. Later that month, however, Dialog denied it was entering any merger or acquisition deal with Bharti Airtel by saying: ‘The company confirms that it has not entered into an agreement with any party with respect to a merger or acquisition’. The cellco added that it would make a disclosure regarding the matter if it reaches ‘material certainty’.

Sri Lanka,Dialog Axiata, Bharti Airtel, Bharti Airtel Lanka,


Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate


Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues


Filter CommsUpdate by the following categories or use the search.


Visit our help page information on performing advanced searches, including how to restrict the results by country or company.


CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.