Bill Gates says Sri Lanka poised for greater growth

August 6, 2009

bill-gatesSri 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.

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Airtel plans bid for Tigo

August 6, 2009

airtel

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.