CK Hutchison and Etisalat complete combination of their operations in Sri Lanka

Dec 05, 2018 (LBO) –  Emirates Telecommunications Group Company PJSC (“Etisalat Group”) has completed the sale of its 100 percent shareholding in Etisalat Lanka (Private) Limited (“ESL”) to Hutchison Telecommunications Lanka (Private) Limited (“Hutch Lanka”).

Upon completion of the sale, CK Hutchison Holdings Limited group will have a majority and controlling stake of 85 percent whilst Etisalat Group will have 15 percent ownership of Hutch Lanka.

The transaction was completed on 30 November 2018.

The full statement follows

Further to our announcement on 26 April 2018, please be informed that on 30 November 2018, Emirates Telecommunications Group Company PJSC (“Etisalat Group”) has completed the sale of its 100% shareholding in Etisalat Lanka (Private) Limited (“ESL”) to Hutchison Telecommunications Lanka (Private) Limited (“Hutch Lanka”). Upon completion of the sale, CK Hutchison Holdings Limited group will have a majority and controlling stake of 85% whilst Etisalat Group will have 15% ownership of Hutch Lanka.