Sri Lanka's Dialog Axiata, India's Bharti Airtel sign binding term sheet for merger of their Sri Lankan subsidiaries

Sri Lanka's top mobile telecommunication firm, largest telecommunications provider Dialog Axiata and India's Bharti Airtel have signed a binding term sheet for the merger of their Sri Lankan subsidiaries. With this merger, Bharti Airtel will get access to a large customer base in the island nation. Dialog Axiata which is a subsidiary of Malaysian Axiata, informed of the proposed merger in a disclosure to Colombo Stock Exchange. The proposed transaction envisages Airtel being gr...