Net Biz

Dec 10, 2012 (LBO) – Sri Lanka’s Dialog Axiata said it will acquire a 26 percent stake in Digital Commerce Lanka (Pvt) Ltd, which owns an e-commerce site for 1.59 million US dollars. Dialog said in a stock exchange filing that it also planned to transfer group e-commerce businesses and into Digital Commerce Lanka to operate a “unified platform for internet based commerce and trade.”

Dialog said it had entered into an agreement other shareholders which will allow it to increase the stake in Digital Commerce Lanka later.