Dialog Axiata

Dialog Axiata PLC
Native name
ඩයලොග් ආසිආටා පීඑල්සී; டயலொக் ஆசியாடா பிஎல்சி
Company typePublic Subsidiary
CSE: DIAL.N0000
ISINLK0348N00009
IndustryTelecommunications
Predecessors
  • MTN Networks (Pvt) Ltd (1993–2005)
  • Dialog Telekom PLC (2005–2010)
Founded27 August 1993; 31 years ago (1993-08-27)
Headquarters
Colombo
,
Sri Lanka
Key people
Products
  • Fixed & Mobile Telephone
  • Fixed & Wireless Broadband
  • Satellite TV
  • MobileTV
RevenueIncrease LKR187.813 billion (2023)
Increase LKR20.874 billion (2023)
Increase LKR20.113 billion (2023)
Total assetsIncrease LKR286.247 billion (2023)
Total equityIncrease LKR66.337 billion (2023)
Owners
  • Axiata Investments (Labuan) Limited (73.75%)
  • Bharti Airtel (10.36%)
ParentAxiata Group Berhad
Subsidiaries
Websitewww.dialog.lk
Footnotes / references
[1]

Dialog Axiata PLC (Sinhala: ඩයලොග් ආසිආටා පීඑල්සී, romanized: Ḍayəlog Āsiāṭā PīElSī, Tamil: டயலொக் ஆசியாடா பிஎல்சி) (formerly known as MTN Networks and later Dialog Telekom), is one of Sri Lanka's largest[2] telecommunications service providers, and the country's largest mobile network operator with over 17 million subscribers which amounts to 57% of the Sri Lankan mobile market.[3][4] Dialog is a subsidiary of Axiata Group Berhad which owns 73.75% controlling stake of the company, while Bharti Airtel owns 10.36%.

Dialog was Listed on the Colombo Stock Exchange in June 2005.[5] As of February 2017 Dialog Axiata holds LKR 86.3 billion (US$573 million) in market capitalization[5] and the 5th largest listed company in Sri Lanka by Market Capitalization. In 2015 "Dialog" brand name was valued at LKR 28.6 billion (US$204 million) and as the 3rd most valuable brand in the country by business magazine LMD in its annual study.[6] In 2014 the company received the highest "Platinum" rating in the country's Corporate Accountability Index for the 4th consecutive year.[7]

Dialog operates on 2.5G, 3G, 3.5G, 4G LTE, 5G communications networks, and became the first operator to launch commercial 3G and HSPA+ operations in South Asia when it rollout the network on 16 August 2006.[8] In April 2013 Dialog Axiata launched its mobile 4G LTE services using 10 Mhz of spectrum in 1800 Mhz band becoming the first operator to launch commercial FD-LTE network in South Asia,[9] initially delivering peak data rates of 100 Mbit/s. Dialog Axiata was also the first to introduce the 5G network in Sri Lanka.

In addition to its core business of mobile telephony, the company operates a number of services including Dialog TV, a Direct To Home Satellite TV service, and Dialog Global which provides international telecommunication services. Dialog Broadband offers fixed-line and broadband internet services, whilst Dialog Tele-Infrastructure is the company’s national telco infrastructure arm.

Dialog was the first mobile operator to cover the Jaffna peninsula in Northern Sri Lanka within 90 days of the ceasefire agreement in 2002[10] and again in 2009 was the first mobile operator to extend its GSM network to the areas in the North and East Province where the war was fought,[10] and presently has 80% market share in the region.[10]

Dialog Axiata is an investor under the aegis of the Board of Investment of Sri Lanka and has invested over US $ 3 billion towards the development of telecommunications infrastructure, thus becoming the single largest contributor to Sri Lankan foreign direct investment (FDI) to date.[11]

On 26 June 2024 Dialog Axiata acquire 100% of the issued shares in Airtel Lanka, in consideration of which Dialog will issue to Bharti Airtel, ordinary voting shares which will amount to 10.355% of the total issued shares of Dialog by way of a share swap.[12]

  1. ^ "Annual Report 2023" (PDF). cse.lk. Dialog Axiata PLC. 2024. pp. 74, 88–89. Retrieved 6 September 2024.
  2. ^ "Mobile phones".
  3. ^ "Statistics - Telecommunications Regulatory Commission of Sri Lanka". Archived from the original on 25 October 2018. Retrieved 4 June 2021.
  4. ^ "Hutch Lanka completes merger with Etisalat Lanka". Telecomasia.net.
  5. ^ a b "Dialog Axiata's profile on CSE". Colombo Stock Exchange.
  6. ^ "Brand Annual". lmd.lk.
  7. ^ "Awards". Dialog Axiata.[permanent dead link‍]
  8. ^ "Dialog launches South Asia's first 3G service". .sundayobserver.lk. Archived from the original on 24 September 2015. Retrieved 15 August 2015.
  9. ^ "DIALOG LAUNCHES FIRST MOBILE 4G-LTE SERVICE". dailynews.lk. Retrieved 2 April 2013.
  10. ^ a b c "Sri Lanka's Telecoms Industry On The Path To Recovery". Proactive Investors. Archived from the original on 15 July 2011.
  11. ^ "Dialog to Invest US$ 120m". dailymirror.lk. Retrieved 9 July 2015.
  12. ^ "Dialog, Axiata Group and Bharti Airtel sign Definitive Agreement to Merge Operations in Sri Lanka".