Earlier AIRTEL was very close to buy TIGO Sri Lanka but now it seem to be TIGO will buy by Etisalat, a Middle Eastern telco, with the sale expected to be completed by October 20. TIGO owner Millicom International Cellular will sell its Sri Lanka unit for 155 million US dollars. Airtel offers maximum 135 US dollors.
This Transaction is finalized and we are not sure about TIGO new owner Etisalat would change the the TIGO brand or not.
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