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CK Hutchison and Etisalat Group, to merge in Shri Lanka

CK Hutchison Group (“CKHH Group”) and Emirates Telecommunications Group Company PJSC (“Etisalat Group”) have entered into a definitive agreement to merge their mobile telecommunications businesses in Sri Lanka.

The companies will operate their business under the names Hutchison Telecommunications Lanka (Private) Limited (Hutch Lanka) and Etisalat Lanka (Private) Limited (ESL) respectively.

This transaction is part of the stated strategy of portfolio optimization of the Etisalat Group. Upon completion of the transaction, CKHH Group will have the majority and controlling stake in the combined entity.

The transaction is still pending from obtaining the necessary competition and regulatory approvals in Sri Lanka.

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

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