Dialog Axiata has completed the acquisition of Airtel Lanka through a share swap. Post-acquisition, Axiata holds 73.75% of Dialog, Bharti Airtel 10.355%, and the public 15.895%. Both brands will continue to serve customers while merging networks to enhance connectivity. The move aims to drive growth and innovation in Sri Lanka’s telecom sector.
Airtel Telesonic, in partnership with Alcatel Submarine Networks, has activated the 2Africa submarine cable system, connecting Kenya, Tanzania, and South Africa. This milestone enhances high-speed internet access and supports digital transformation across Africa, marking a significant step in bridging the digital divide on the continent.
Airtel Africa repaid a $550 million bond, cutting foreign currency debt. Despite currency challenges, the company focuses on growth through strategic investments and a share buyback program. CEO Ogunsanya highlights innovation and partnerships to boost performance and competitiveness.
Airtel Kenya is set to deploy an additional 100 5G sites across Kenya, expanding its network from 15 to 32 counties. This expansion, enhancing both personal and business connectivity, will be supported by affordable 5G home broadband routers and diverse data plans.
