Dialog and Airtel competing to buy Tigo
Tigo, owned by Luxembourg-based Millicom International, has a network with over two million subscribers. Tigo is Sri Lanka's third largest mobile operator and it is worth $150-200 million.
India's Bharathi Airtel, Malaysia's Axiata Group, Russia's Vimpelcom and UAE's Etisalat are competing for Tigo. Axiata Group owns 85% of Dialog Telecom.
Last month, Millicom said it had received expressions of interest for its Asian assets and that it had appointed Goldman Sachs as advisor for the transaction. The company said it may either break up its Asian assets and sell them separately or may consider selling them together.