TeleGeography Logo

TM to list Sri Lankan mobile unit

24 May 2005

Telecom Malaysia™ has revealed plans to list its wholly owned Sri Lankan mobile unit MTN Networks before the end of the year. Following the listing, TM’s interest in the operator will be cut to 90.4%. The Malasysian operator is confident that the sale will attract interest among fund managers and the investing public as MTN is one of the largest companies in Sri Lanka. TM has invested USD70 million in MTN, which had 1.4 million subscribers at the end of 2004, a market share of 56%.

Sri Lanka, Dialog Axiata, Telekom Malaysia

GlobalComms Database

Want more? Peruse the GlobalComms Database—the most complete source of intel about mobile, fixed broadband, and fixed voice markets.


TeleGeography is the definitive source for telecom news, numbers, and analysis. Explore the full research catalog.