Etisalat acquisition of Tigo Sri Lanka seems like a good sign for Sri Lankan consumers.
Abu Dhabi based Emirates Telecommunications Corporation or Etisalat, acquired 100% stake in Tigo Sri Lanka, a wholly owned unit of Millicom International Cellular S.A., for $207 million as it continues its expansion into new markets in October 2009.
The general public did not have much clue that the Tigo was bought by Etisalat until today, 25 February 2010, the service was carried out under Tigo brand.
Why I said this is a good sign for Sri Lankan consumers is because, I checked their local website www.etisalat.lk and felt that there are some good offers. International call rate, specially to the Midle East countries. And I believe Etisalat will be the first to introduce the revolutionary packages with outgoing free minutes to any local networks which gives you freedom to talk with your loved ones, of which I am planning to review indepth, once I get ma hands on a package 🙂
Etisalat Chairman, Mohammed Hassan Omran said: “Entering the Sri Lankan telecom market is a logical addition to our interests in the Asia continent. The acquisition promises attractive returns as the Sri Lankan Government is increasing its effort to promote foreign investment in all sectors. The acquisition is of a mature operator with a strong reputation for its good network and quality of service.”