46205
DIALOG AXIATA PLC
Jun 23, 2022
Sri Lanka
South Asia
May 27, 2022
B - Limited
Active
Jul 1, 2022
Regional Industry - INF Asia & Pac
Telecommunications and Technology
Approved : May 27, 2022
Signed : Jun 21, 2022
Invested : Jun 29, 2022
Mobile Telephony
Dialog Axiata PLC (Dialog, or the Company) is Sri Lanka’s leading mobile network operator and is listed on the Colombo Stock Exchange. Dialog operates primarily within Sri Lanka and has offerings in mobile & fixed telephony, broadband, satellite television, infrastructure services and other digital services. As of 2021, Dialog had a total of 17.7 million mobile subscribers (representing approximately 51% market share) and has achieved a 4G mobile population coverage of 95% and a 4G fixed broadband population coverage of 71%.
Dialog has been proactively expanding its 4G mobile and fixed broadband capacities over the past years. IFC’s A Loan, in combination with Dialog’s operational cash flows and existing cash balances are expected to meet Dialog’s funding needs for the next two years, comprising both capital costs of upgrades to Dialog’s core network, 4G coverage and capacity expansion, and spectrum acquisition, as well as refinancing of Dialog’s US dollar loans maturing in 2022 and 2023.
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