Sun. May 26th, 2019

Colombo Gazette

The premier online newspaper in Sri Lanka

Hutch completes deal with Etisalat

On 30 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.

Leave a Reply

Your email address will not be published. Required fields are marked *