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Friday, August 23, 2013

Bharti Airtel in talks to sell Sri Lankan operations: report

Bharti Airtel is in talks to sell off its Sri Lankan operations to Abu Dhabi's Etisalat, Media report said.
According to reports, Standard Chartered Bank is advising the Indian company in the transaction.
Bharti Airtel has been valued between $110 mn and $130 mn.
Airtel reportedly said as a policy it didn't respond to market speculations.
The company, which entered the Sri Lankan market in 2009 as the country's fifth operator, offers 2G, 3G and 3.5G services in the island nation