Dialog Axiata to take over Airtel Lanka in long-awaited merger deal

Somalia experienced a brutal civil war forcing millions of its population to flee for safe havens across the world. Among this diaspora was a camel herder turned businessman, who would take lessons from hardship and return to his homeland to aid in its…

Sri Lankan telco Dialog Axiata said on Thursday it has officially take 100% control of rival telco Bharti Airtel Lanka via a share swap, sealing a deal that has been in the works for over a year.

Vodafone Group is reportedly seeking to unload part or all of its 21.5% stake in Indian telecoms tower operator Indus Towers this week to raise cash to help repay its debts.