August 6, 2009
Sri Lanka is poised for greater economic growth and development, said world’s richest entrepreneurs, Bill Gates to President Mahinda Rajapakse via a special audio visual message at a ceremony to handover a plaque incorporating the first copy of the Sinhala Language Interface Pack (LIP), from Microsoft and ICTA.
Click here to Watch the Message (Audio visual) & Read the rest of this entry »
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Posted by dzone
August 6, 2009

India’s Bharti Airtel plans to bid for telecom operator Millicom’s Sri Lankan mobile network Tigo. The move would make it the second largest mobile phone operator in the island nation, trebling its user base from one million now.
A spokesman for Bharti told he would not comment on market speculation. Bharti will have to compete with an array of suitors such as Malaysia’s Axiata Group, Russia’s Vimpelcom and United Arab Emirates Etisalat, which are reportedly interested in Millicom’s Asian assets, including Tigo network in Sri Lanka, the report said.
Millicom International had put its operations across Cambodia, Laos and Sri Lanka on the block in July, the report said. Bharti’s Sri Lankan arm has already invested $125 million in the country against a commitment of $250 million, the paper said.
Bharti is in exclusive talks with South Africa’s MTN aimed at a merger to create the world’s third-biggest telecoms firm.
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Business Watch, General | Tagged: Airtel, airtel going buy tigo, airtel going to takeover tigo, D Zone, d zone online, Dialog, dialog going buy tigo, dialog going to takeover tigo, dzone, dzoneonline, Millicom, Mobitel, Tigo, Tigo going be a part of Dialog, tigo going to close, tigo going to sell |
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Posted by dzone