DIALOG Telekom Ltd, Sri Lanka’s biggest cell-phone operator, will start the island’s biggest share sale today, testing investor confidence in a country ravaged by a two-decade civil war and the Dec 26 tsunami.
Dialog’s parent, Telekom Malaysia Bhd
, plans to raise as much as 8.54bil rupees (US$85mil) from the sale of a 9.6% stake in Dialog. Telekom will get three-fifths of the proceeds, according to NDB Investment Bank, which is arranging the sale.
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