Post this share swap, Axiata holds 73.75% of Dialog while Bharti Airtel will own 10.355% and the remaining 15.895% of shares are held by the public.

Dialog aims to amalgamate Airtel Lanka under the applicable provisions of the Companies Act, with Dialog remaining as the amalgamated entity.

This consolidation, first announced in May 2023, represents a significant milestone in the telecommunications industry in Sri Lanka, bringing together the strengths and expertise of two leading companies, poised to deliver a world-class digital telco experience that will contribute significantly to the growth of the country’s digital ecosystem and economy