Articles tagged with: Etisalat and Tigo

Etisalat's Entry Could Weigh on Sri Lankan Telecom Operators' Credit Quality

­The entry of etisalat into Sri Lanka can further delay any prospects for recovery in the Sri Lankan telecom operators' profitability, says Fitch Ratings. Millicom International Cellular recently sold its fully-owned subsidiary in Sri Lanka, Tigo, to etisalat in a competitive bidding process. Tigo is the third-largest mobile telephony operator in Sri Lanka with a market share of around 20% and a nationwide network footprint.  more

Related Tags: millicom, Sri Lanka

Millicom Sells Sri Lankan Mobile Network to Etisalat

­etisalat is buying the Sri Lankan mobile network, Tigo from its current owners, Millicom International for approximately US$155 million in total cash proceeds.  more

Related Tags: millicom-international, millicom, Sri Lanka

Etisalat Interested in Sri Lanka Investment

etisalat is reported to be considering an investment in Sri Lanka now that the military aspect of its decades long civil war has largely concluded. An official from the UAE-based operator is currently visiting the tropical island meeting stakeholders, including the Telecommunications Regulatory Commission (TRC).  more

Related Tags: millicom-international, trc, towers, Sri Lanka