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Airtel, Axiata to merge operations in Sri Lanka - report

2016-02-11 13:43:00| Telecompaper Headlines

(Telecompaper) Indian mobile operator Bharti Airtel is in talks to merge its Sri Lanka unit into Dialog Axiata. The transactions involves a share-swap deal, ET reports, citing two unnamed people familiar with the matter. A potential Airtel Lanka-Dialog Axiata merger will be similar to the recent merger of Bharti Airtel and Axiata's telecom units in Bangladesh. Axiata will be the dominant shareholder and Airtel a strategic minority holder in the combined entity, the same sources added.

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Bharti Airtel, Axiata in Sri Lanka merger talks

2016-02-11 01:00:00| Total Telecom industry news

Report claims proposed deal will have structure similar to recently-agreed Bangladesh tie-up.

Tags: sri lanka sri lanka talks

 
 

Hirdaramani opens new factory in north Sri Lanka

2016-01-29 14:38:00| Daily apparel & textile news and comment - from just-style.com

Leading Sri Lankan garment manufacturer Hirdaramani Group has opened a new state-of-the-art apparel factory in the north-east of the country, providing key jobs and opportunities in the district most adversely affected by the country's 25-year long civil war.

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Chinese and Indian navy war ships reach Sri Lanka for friendly exercises

2016-01-18 01:00:00| Naval Technology

Three Chinese and two Indian naval ships have reached the port of Colombo, Sri Lanka. Chinese ships reached the port on a goodwill visit, while Indian ships are visiting for training purposes.

Tags: war friendly chinese reach

 

Brandix becomes first Cotton USA licensee in Sri Lanka

2016-01-07 12:14:00| Daily apparel & textile news and comment - from just-style.com

Brandix Textiles, one of Sri Lanka's largest fabric manufacturers, has become the first Cotton USA licensee in Sri Lanka - as parent Brandix Group also continues to rack up export accolades.

Tags: usa sri lanka cotton

 

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