Getting Abuzz

Distilleries Company of Sri Lanka Group has bought a 76.6 percent of telco Lanka Bell for US$ 16 million (Rs. 1.61 billion), officials said Monday. Distilleries Company of Sri Lanka Group has bought a 76.6 percent of telco Lanka Bell for US$ 16 million (Rs. 1.61 billion), officials said Monday. The move comes after the group’s Milford Holdings (Pvt) Ltd signed a share purchase agreement with the wireless local loop operator in June.


Lanka Bell’s new board of directors:

D H S
Jayawardene (Chairman)

Damien
Fernando

Royle Jansz

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