April 26, 2018 / 11:23 AM / 6 months ago

BRIEF-UAE's Etisalat Agrees With CK Hutchison To Merge Operations In Sri Lanka

April 26 (Reuters) - EMIRATES TELECOMMUNICATIONS GROUP CO PJSC:

* AGREES WITH CK HUTCHISON TO MERGE THEIR OPERATIONS IN SRI LANKA

* SIGNS DEFINITIVE AGREEMENT TO MERGE MOBILE OPERATIONS IN SRI LANKA

* SAYS TRANSACTION IS PART OF STATED STRATEGY AND ONGOING EFFORTS OF PORTFOLIO OPTIMIZATION OF ETISALAT GROUP

* SAYS UPON COMPLETION OF TRANSACTION, CKHH GROUP WILL HAVE MAJORITY AND CONTROLING STAKE IN HUTCH LANKA Source:(bit.ly/2FilZuL) Further company coverage:

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