Bharti Airtel to merge Sri Lanka operations with Dialog Axiata

NEW DELHI: Telecom operator Bharti Airtel will merge its Sri Lanka operations with Dialog Axiata in an equity swap deal, a joint statement said on Thursday.

Airtel Lanka’s turnover in financial year 2023 was Rs 294 crore and it contributed 0.21 per cent to Bharti Airtel’s overall business.

“Dialog Axiata PLC , Axiata Group Berhad (Axiata) and Bharti Airtel Limited signed a definitive agreement to combine their operations in Sri Lanka,” the statement said.