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Dialog Axiata completes acquisition of Airtel Lanka

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Conclusion of the Share Sale Transaction (Photographed from left to right): Viranthi Attygalle, Group Company Secretary, Dialog Axiata PLC; Trinesh Fernando, Group General Counsel/ Vice President - Group Legal and Regulatory, Dialog Axiata PLC; Yap Wai Yip, Group Chief Financial Officer (Acting), Dialog Axiata PLC; Supun Weerasinghe, Director/ Group Chief Executive, Dialog Axiata PLC; Ashish Chandra, Chief Executive Officer/ Managing Director, Bharti Airtel Lanka (Private) Limited; Ravi Jain, Assistant Vice President - Mergers & Acquisitions and Business Development, Bharti Airtel Lanka (Private) Limited; Pankaj Garg, Director/ Chief Financial Officer, Bharti Airtel Lanka (Private) Limited; Munesh David, Group Chief Commercial Officer, Dialog Axiata PLC

Dialog Axiata PLC (‘Dialog’), Axiata Group Berhad (‘Axiata’), and Bharti Airtel Limited (‘Bharti Airtel’) have completed a deal where Dialog bought all the shares of Bharti Airtel Lanka (Private) Limited (‘Airtel Lanka’) in exchange for its own shares. After the transaction, Axiata now owns 73.75% of Dialog, while Bharti Airtel owns 10.355%, and the public holds the remaining 15.895% of shares. Dialog plans to merge Airtel Lanka into its operations under the Companies Act, making Dialog the unified company.

Chief Executive of Dialog Axiata PLC, Supun Weerasinghe said: “This milestone marks the conclusion of the acquisition of Airtel Lanka, and we warmly welcome the Airtel team and all 3 million subscribers on the Airtel network to the Dialog family. We extend our heartfelt gratitude to the Government of Sri Lanka, the Telecommunications Regulatory Commission (TRC), the Board of Investment (BOI), the Colombo Stock Exchange (CSE), the Central Bank of Sri Lanka (CBSL), Axiata and Bharti Airtel teams and all other stakeholders for their invaluable support in bringing this transaction to fruition.

 “As we embark on this transformative journey, our focus will be on leveraging the combined strengths of Dialog and Airtel to pioneer advancements in Sri Lanka’s telecommunications sector. This merger positions us to drive substantial growth, not just in customer experience and innovation, but also in contributing to the digital economy of Sri Lanka. This strategic move underscores our commitment to setting new benchmarks in connectivity and empowering businesses and individuals alike to thrive in an increasingly digital world,” Weerasinghe said.



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Sun directly overhead Mannar, Periyamadu, Puliyankulam, Welioya and Pulmoddai about 12.11 noon today (30)

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The sun is going to be directly over the latitudes of Sri Lanka from  28th of August to 07th of September due to its apparent southward relative motion.

The nearest places of Sri Lanka over which the sun is overhead today (30) are Mannar, Periyamadu, Puliyankulam, Welioya and
Pulmoddai about 12.11 noon.

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Lanka tracks 11 US-sanctioned Iranian tankers off coast

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(AFP) Sri Lanka’s maritime authorities were monitoring a fleet of 11 US-sanctioned Iranian oil tankers just off the island’s southern coast, the foreign minister said Wednesday.

The tankers were spotted close to the Galle harbour where an Iranian frigate, IRIS Dena, was sunk by a US submarine in March, killing 104 sailors. Sri Lanka’s navy rescued 32 Iranian sailors from that frigate.

Iranian vessels have been in limbo, unable to return to their home port because of a US blockade.

Sri Lanka’s Foreign minister Vijitha Herath said the tankers were in international waters where they had freedom of navigation.

“These ships are away from our territorial waters… we have no hold on them, nor have we facilitated them,” Herath told AFP.

The military deployed reconnaissance aircraft and patrol boats to monitor the vessels outside Sri Lanka’s 12-nautical-mile territorial waters, a military official told AFP on condition of anonymity.

“There is no indication of any ship-to-ship transfer of oil or illegal discharge of pollutants, so there is no basis for Sri Lankan authorities to take action against them,” the official said.

Many Iranian merchant vessels moved east towards the Strait of Malacca and Singapore due to US sanctions, while several remained near Sri Lankan waters, authorities said.

Sri Lankan officials said Washington had not formally notified Colombo about sanctioned Iranian-flagged vessels

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House to debate abolition of Chief of Defence Staff post

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Parliament is to debate next Wednesday the Government’s proposal to abolish the post of Chief of Defence Staff (CDS), with the Second Reading of the Chief of Defence Staff (Repeal) Bill scheduled for September 9.

The Bill seeks to repeal the Chief of Defence Staff Act No. 35 of 2009, which was introduced shortly after the end of the armed conflict.

According to Secretary General of Parliament Kushani Rohanadeera, Parliament will meet from September 8 to 11, with the business for the week approved by the Committee on Parliamentary Business chaired by Speaker Dr. Jagath Wickramaratne.

The debate on the Chief of Defence Staff (Repeal) Bill is scheduled to take place from 11.30 a.m. to 5 p.m. on Wednesday, following questions to the Prime Minister and other parliamentary business.

The CDS post was established under the 2009 Act as part of the country’s higher defence command structure.

On Tuesday, September 8, the House will consider two Orders published in Extraordinary Gazettes under the Motor Traffic Act from 11.30 a.m. to 5 p.m., followed by an Opposition motion at the adjournment.

On Thursday, September 10, Parliament will debate a Resolution under the Women’s Empowerment Act.

The final sitting day of the week, Friday, September 11, has been allocated from 11.30 a.m. to 5.30 p.m. for several Private Members’ Motions.

The motions will cover issues including regulation of the petroleum, fuel and water industries, measures to increase the birth rate, protection of the Diyagama Forest, pension deductions affecting Pirivena teachers, food-crop cultivation in mountainous areas, development of the Kithul industry and the establishment of a Faculty of Medicine at South Eastern University.

Questions at the adjournment will be taken up at the end of each sitting day.

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