Dialog plays down Suntel rumours

21 Apr 2011

The Sri Lankan mobile market leader by subscribers, Dialog Axiata, has dampened speculation linking it with a bid for fixed wireless operator Suntel. Dialog, which is 83.3% owned by Malaysia’s Axiata, had been rumoured to have conducted preliminary due diligence on Suntel, currently indirectly owned by TeliaSonera with a 37.5% stake. ‘There is nothing happening regarding Suntel at the moment,’ said Dharshana Abeysinghe, a spokesman for Dialog Axiata. Suntel has been on the market for several years, with MTNL, Etisalat and Tata all having been linked with the operator.

Sri Lanka, Axiata, Dialog Axiata, Suntel (now part of Dialog)