Dialog Telekom Ltd ("Dialog") announced this
week, entering a Share Purchase Agreement (SPA) for acquisition
of 100% stake in MTT Network Pvt Ltd ("MTT"). The SPA was with
Dialog , and shareholders of MTT, Sunpower Systems (Pvt) Ltd,
Sipson Investments Ltd., and R Maharaja.
The SPA envisages purchase price of
approximately Rs 1.86 Billion to be paid by Dialog to
shareholders of MTT on completion of the transaction before the
The proposed transaction has received the
approval of the Telecommunications Regulatory Commission.
Following the completion of the transaction, MTT would continue
to operate as a distinct and separate entity empowered by the
licenses granted to it under the Telecommunications Act.
As a fully owned subsidiary of Dialog, the
company will benefit from inputs from its parent (Dialog) in
terms of ongoing investment and capacity building, technology
vision and specialized technology know-how derived from the
widespread domestic and international operations of Dialog and
Telekom Malaysia Berhad, the majority shareholder in Dialog.
Dialog recognizes MTT to be a well-managed
company with robust infrastructure capable of providing
significant value addition to the telecommunications sector.
MTT’s portfolio of service provisioning licenses encompassing
voice and data communications and its incumbent service
portfolio make the company a key player in the
telecommunications sector at present.
MTT is a leading digital telecommunications
Company. The company operates a digital microwave backbone and
also plays a lead role in the data communications retail sector
being a anchor service provider of Wide Area Networking (WAN)
services to corporate clientele across a wide variety of
sectors. The company deploys cutting edge technology including
but not limited to the provision of IP-MPLS backbone services.
MTT’s high – speed broadband transmission
backbone uses MPLS, ATM/Frame Relay/IP transport technologies
and TDMA, CDMA and FDMA wireless last-mile access technologies
to provide high speed data communication and internet access
throughout the Country. The core technologies deployed by MTT
support the establishment of Wide Area Networks (WAN),
Metropolitan Area Networks (MAN) and Local Area Networks (LAN)
for data, video and voice communications users across the
network’s widespread footprint.
MTT is also licensed to provide Fixed Voice and
Data and telecommunications services based on WLL technology and
also possesses an External Gateway Operator (EGO) License and an
Internet Service Provider (ISP) license.
MTT’s transmission backbone is built around a
network of 26 heavy duty transmission towers strategically
located to provide backbone access to most districts.
Dialog Telekom Limited is a large Coporate on
the Colombo Stock Exchange in terms of market capitalisation.
With a market capitalisation (as of 14/11/05) of approximately
142.5 Billion SLR (USD 1.425 Billion USD), the company has the
distinction of having become the first to achieve a market
capitalisation exceeding USD 1 Billion. Dialog Telekom Limited
is a subsidiary of the Telekom Malaysia Group. In addition to
its core mobile telephony business, the company provides
international services, supporting an International Gateway
infrastructure providing retail and wholesale international
voice and data services under the brand name of Dialog Global.
The company also provides Internet services through Dialog
Internet - a fully-fledged Internet Service Provider (ISP).
Dialog Telekom also operates Dialog SAT, a mobile satellite
Dialog Telekom is an ISO 9001 certified company.
Its local coverage spans all nine provinces while international
roaming is provided in 190+ countries. Dialog GSM, the largest
and fastest growing cellular service in Sri Lanka, serves a
subscriber base in excess of 2 Million local users.
The Group places emphasis on continuing customer
service quality enhancements and innovations. Currently, with
investments and operations in 12 countries around Asia and
globally, TM is focused on sustainable growth in both the local
and international markets..