Home / Front Page/ Hutch, Etisalat complete merger deal

Hutch, Etisalat complete merger deal


Comments / {{hitsCtrl.values.hits}} Views / Wednesday, 5 December 2018 00:00

Facebook

Emirates Telecommunications Group Company PJSC (Etisalat Group) has completed the sale of its 100% shareholding in Etisalat Lanka Ltd. to Hutchison Telecommunications Lanka Ltd.

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

The deal was done on 30 November after the move was first announced in April 2018.


Share This Article

Facebook Twitter


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS