Mobitel (Pvt) Ltd, national mobile telecommunications service provider and a fully owned subsidiary of Sri Lanka Telecom, has launched negotiations to purchase Hutch Sri Lanka, informed sources said.
The purchase is considered advisable in view of the fact that both Mobitel and Hutch are in the same principal line of business, being mobile phone service providers of repute.
Besides, Hutch enjoys an extensive subscriber base of around one million, the sources added.
Besides, Hutch enjoys an extensive subscriber base of around one million, the sources added.
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