July 24, 2014 1:20 AM ET

Wireless Telecommunication Services

Company Overview of Bharti Airtel Lanka Pvt Ltd.

Company Overview

Bharti Airtel Lanka Pvt Ltd. provides mobile cellular communication services. The company was founded in 2007 and is based in Colombo, Sri Lanka. Bharti Airtel Lanka Pvt Ltd. operates as a subsidiary of Bharti Airtel Ltd.

598, Elvitigala Mawatha

Colombo,  05

Sri Lanka

Founded in 2007

Phone:

94 75 555 755

Key Executives for Bharti Airtel Lanka Pvt Ltd.

Chief Executive Officer
Chief Executive Officer of India and South Asia for Bharti Airtel
Age: 52
Head of Sales & Marketing
Compensation as of Fiscal Year 2014.

Bharti Airtel Lanka Pvt Ltd. Key Developments

Airtel Reportedly In Talks To Sell Bharti Airtel Lanka To Etisalat

Bharti Airtel Limited (BSE:532454) (Airtel) is in advanced discussions to sell off Bharti Airtel Lanka Pvt Ltd. to Emirates Telecommunications Corporation (ADX:ETISALAT), said two persons aware of the development. According to one such person, Standard Chartered Bank is advising Bharti Airtel in the transaction. Bharti Airtel Lanka has been valued between $110 million-$130 million. Airtel said that as a policy it didn’t respond to market speculations. Standard Chartered declined comment while Etisalat could not be reached for comments.

Axiata Reportedly To Acquire Bharti Airtel Lanka

Axiata Group Berhad has reportedly approached Bharti Airtel Limited to acquire Bharti Airtel Lanka Pvt Ltd., people known to the development said. The value of the offer could not be confirmed. Axiata operates as Dialog Axiata Plc in Sri Lanka. People in the know also say Axiata is also believed to have approached Hutchison Whampoa Ltd. to acquire the latter's Sri Lankan operations but the two companies couldn't reach an agreement on the valuation of the business. Hutch and Axiata did not respond to Business Standard queries and a Bharti Airtel spokesperson said, "As a policy, we do not comment on market speculation."

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