Sri Lanka’s state-run private sector pension fund, the Employees’ Provident Fund (EPF), has reportedly purchased approximately 55 million shares in domestic mobile operator Dialog Axiata for a total consideration of LKR495 million (USD2.83 million). The Mirror Business newspaper reports that the sellers of the shares are all believed to be international investors and that at 31 March 2019 the EPF held 180.7 million, or 2.22%, of Dialog Axiata shares, making it the second largest shareholder after the Malaysian parent, Axiata Investments (Labuan) Limited, which had over 6.7 billion (83.32%) of the issued shares of the company at that date.
Have feedback, corrections, or story ideas? Send them to firstname.lastname@example.org.
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