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Dialog Axiata incorporates investment holding company

28 November 2014 04:55 am - 0     - {{hitsCtrl.values.hits}}

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Dialog Axiata PLC, the largest mobile services provider in Sri Lanka yesterday announced the incorporation of a wholly owned subsidiary, Digital Holdings Lanka (Pvt) Ltd (DHL).

 


“DHL will, going forward, function as Dialog Group’s investment holdings company for new business areas,” the stock exchange filing by the company said.
Apart from its telephony, broadband and pay TV businesses, Dialog has business interests in e-commerce.

 


Meanwhile, many view the incorporation of the new investment holdings company by Dialog as a move towards possible mergers and acquisitions (M&A) that will be executed by Dialog in the future.Consolidation in Sri Lanka’s telecom sector is imminent and it is speculated that Dialog is already talking to smaller service providers for M&As.


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Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

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