Surly.. Tigo owner exit from Sri Lanka before 2010 Q1

Tigo owner Millicom decided to exit Sri Lanka and other Asian markets before 2010 Q1.  Millicom is the sole owner of Celltel Lanka (Pvt) Ltd known as Tigo Lanka. Tigo is the first mobile operator and formally known as Celltel. Mobitel and Tigo both claim to be the second largest but Mobitel is now moving rapidly with their highly respected "Upahara" package.


Indian State owned, Bharat Sanchar Nigam Ltd. (BSNL), UAE’s Etisalat, Malaysia’s Axiata Group and India’s Bharti are also said to be bidding to acquire Tigo Lanka. Axiata’s Dialog and Airtel already operate in Sri Lanka. Airtel winning the bid might sit better with the regulator since Axiata winning it would give Dialog an overwhelming position in the market.