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Live response for past 24 hours
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"title": "Bharti Airtel divests Sri Lanka operations, merges with Dialog Axiata",
"description": "Airtel Lanka's customers and operations will move to Dialog Axiata, Sri Lanka's largest telco with over 17 million subscribers. Bharti Airtel to hold a little over 10% in Dialog Axiata",
"keywords": "Bharti Airtel, Dialog Axiata, Sri Lanka's largest telco, share swap deal, share swap, Airtel’s operations, mobile network operator, Colombo Stock Exchange",
"snippet": "India’s second largest carrier by subscribers will divest its operations in Sri Lanka and merge it with Dialog Axiata, the largest telecom services provider i...",
"url": "https://www.livemint.com/news/bharti-airtel-divests-sri-lanka-operations-merges-with-dialog-axiata-11713440215179.html",
"image_url": "https://www.livemint.com/lm-img/img/2024/04/18/1600x900/airtel_1691067433173_1713440657590.JPG",
"language": "en",
"published_at": "2024-04-18T12:21:37.000000Z",
"source": "livemint.com",
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{
"symbol": "DIALN0000.CM",
"name": "DIALOG AXIATA PLC",
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"highlight": "India’s second largest carrier by subscribers will divest its operations in Sri Lanka and merge it with <em>Dialog</em> <em>Axiata</em>, the largest telecom services provider in the island country, through a share swap deal.",
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"highlight": "<em>Dialog</em> <em>Axiata</em> will become the merged entity and will acquire 100% of the issued shares in Airtel Lanka and Bharti Airtel will get ordinary voting shares amounting to 10.355% of the total issued shares of Dialog.\n\nAirtel’s operations under Airtel Lanka will be integrated with <em>Dialog</em> <em>Axiata</em>, and brand Airtel will cease to exist after the merger.",
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"highlight": "Airtel Lanka’s 5 million customers will be serviced by the merged entity and brand <em>Dialog</em> <em>Axiata</em>, people familiar with the development said.\n\n<em>Dialog</em> <em>Axiata</em> is Sri Lanka’s largest mobile network operator with 17.4 million subscribers which amounts to 57% of the Sri Lankan mobile market.",
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"highlight": "<em>Dialog</em> <em>Axiata</em> <em>PLC</em>, Axiata Group Berhad and Bharti Airtel first announced the merger on 2 May 2023, and on Thursday they signed a definitive agreement to combine their operations.",
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"highlight": "Vivek Sood, group CEO and managing director of Axiata Group Berhad said that the merger was aligned with Axiata’s strategy of market consolidation and it will create value for shareholders of <em>Dialog</em> <em>Axiata</em> <em>PLC</em> and of Axiata Group through achievable synergies.\n\nGopal Vittal, MD & CEO Bharti Airtel Ltd.",
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"highlight": "“It is a privilege to welcome the team at Airtel Lanka to the Dialog family and together we take a significant step forward in our commitment to delivering superior telecommunications services in Sri Lanka,\" said Supun Weerasinghe, director / group chief executive officer of <em>Dialog</em> <em>Axiata</em> <em>PLC</em>.\n\nMilestone Alert!",
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"highlight": "<em>Dialog</em> <em>Axiata</em> will become the merged entity and will acquire 100% of the issued shares in Airtel Lanka and Bharti Airtel will get ordinary voting shares amounting to 10.355% of the total issued shares of Dialog.\n\nAirtel’s operations under Airtel Lanka will be integrated with <em>Dialog</em> <em>Axiata</em>, and brand Airtel will cease to exist after the merger.",
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"highlight": "Airtel Lanka’s 5 million customers will be serviced by the merged entity and brand <em>Dialog</em> <em>Axiata</em>, people familiar with the development said.\n\n<em>Dialog</em> <em>Axiata</em> is Sri Lanka’s largest mobile network operator with 17.4 million subscribers which amounts to 57% of the Sri Lankan mobile market.",
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"highlight": "“It is a privilege to welcome the team at Airtel Lanka to the Dialog family and together we take a significant step forward in our commitment to delivering superior telecommunications services in Sri Lanka,\" said Supun Weerasinghe, director / group chief executive officer of <em>Dialog</em> <em>Axiata</em> <em>PLC</em>.\n\nMilestone Alert!",
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"highlight": "Bharti Airtel divests Sri Lanka operations, merges with <em>Dialog</em> <em>Axiata</em>",
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Sentiment
Live response for past 24 hours
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Other details
Country
- lk
- 302