Dialog invests Rs262.5mn for new Data Centre JV in Sri Lanka

Mar 20, 2018 (LBO) – Dialog Broadband Networks, a fully owned subsidiary of Dialog Axiata has entered into a joint venture with St. Anthony’s Property Developers to establish, operate and manage a Data Centre in Sri Lanka.

As per the shareholders agreement signed between both parties on 16 March 2018, Dialog Broadband Networks (Private) Limited will hold a 35 percent stake in the new venture with an investment of 262.5 million rupees.

St. Anthony’s Property Developers (Private) Limited, a part of St Anthony’s Group, will hold the remaining 65 percent stake.

Digital Reality (Private) Limited, the new company formed to execute this joint venture will be launched in the Orion City Park in Colombo 9, Dialog said in a stock exchange filing.