Dialog acquires MTT Networks
DIALOG Telekom, has concluded a deal for the acquisition of MTT
Networks. The deal is set to be for US$ 19.2 million. MTT's portfolio
also includes an external gateway license and a CDMA (code division
multiple access) or low cost fixed line license.
Dialog plans to run MTT as separate entity, allowing it to cater to
its existing clientele including other cellular operators and national
Director Chief Executive Officer Dialog, Dr. Hans Wijayasuriya has
notified the Colombo Stock Exchange that the final conclusion of the
acquisition of shares have been completed on the fulfillment of the
conditions precedent to the transaction as stipulated.