■Hutch’s island-wide 3G broadband coverage the icing on the cake
By David Ebert
Sri Lanka Telecom is reportedly negotiating a buyout of local mobile service provider Hutch for a reported but as yet unconfirmed price of $ 115 million dollars.
The offered price is higher than the $ 110 million that was supposedly offered by Etisalat for fellow mobile operator Airtel, in news that was reported recently and subsequently denied by both companies.
Sources told Daily FT that a high profile team from Sri Lanka Telecom has been in discussions with Hutch since December, in a move that could see SLT merge Hutch’s islandwide coverage and 3G infrastructure with their own national mobile service provider Mobitel, a move which would significantly expand its own network in a highly cluttered sector that currently has five service providers battling it out for market share dominance
See further details at http://www.ft.lk/2014/01/24/slt-dialling-hutch/
SLT has denied this storey in a filing to CSE today
Last edited by puliyanam on Fri Jan 24, 2014 2:05 pm; edited 1 time in total (Reason for editing : Updated information)