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Hutchinson completes Etisalat purchase in Shri Lanka

CK Hutchinson has announced today that on 30th November 2018, Emirates Telecommunications Group Company PJSC (Etisalat Group) has completed the sale of its 100% shareholding in Etisalat Lanka (Private) Limited (ESL) to Hutchison Telecommunications Lanka (Private) Limited (Hutch Lanka).

Upon completion of the sale, CK Hutchison Holdings Limited group will have a majority and controlling stake of 85% whilst Etisalat Group will have 15% ownership of Hutch Lanka.

Following GSMA intelligence data the merged company will hold a 23% in the Shri Lankan connections market becoming the 3rd operator in the country.
a 45% share Dialog is the 1st, followed by Mobitel (24%). Bharti Airtel ranks 4th with just a 8% stake of total number of connections.

Image over the headline.- Etisalat and CK Hutchinson headquarters. Respectively © CK Hutchison Group and © Etisalat Group.

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CK Hutchison and Etisalat Group, to merge in Shri Lanka

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