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Bharti Airtel, Axiata in Sri Lanka merger talks

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

Indian operator working on acquisition of 2.3-GHz frequencies in a bid to boost its 4G coverage area.

Combined entity to boast nearly 40 million mobile subscribers; Malaysia-based Axiata to take controlling share.

Indian operator has more than 350 million customers across 20 countries.

Project Leap to see Indian telco deploy 160,000 base stations, FTTH network over next three years.

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