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  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success

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2018/12/13

Hutch to invest $ 200 m post-merger with Etisalat to boost 4G network and win more biz

A Hutch yesterday revealed plans to invest $ 200 million in the medium term post-merger with Etisalat to bolster 4G services and win more businesses in the highly competitive mobile telecom market. The merger was finalised last week, after it was first announced in April with Hutch being the surviving entity and brand.  Hutch’s parent, the Hong Kong-based giant CK Hutchison Holdings Group, will own 85% stake in the merged Lankan venture, and UAE’s flagship brand Etisalat Group will own 15%. Post-merger Hutch, which is the bigger player vis-à-vis Etisalat, will catapult to number three with a 20% market share in the mobile telecom industry, which is 70% dominated by Dialog and Mobitel. The other player is Airtel. – Daily Ft


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