Dialog Finance Shows UnTelco Knows No Boundaries
Dialog Axiata, the Sri Lankan unit of the Axiata Group Berhad, a Mobile Service Provider (MSP) active across multiple markets in the Asia-Pacific region, recently launched its finance company under the brand Dialog Finance PLC (DF). The creation of the unit is the direct result of the acquisition in September 2017 of Colombo Trust Finance. The goal of the deal was to create synergies between connectivity, digital innovation, and fintech disruption to foster the position of the MSP in the expanding digital world.
Merger and Acquisition (M&A) activities in areas beyond the core telecommunication industry (UnTelco M&A activity) is expanding as MSPs increasingly turn to M&A as a means to acquire expertise in new areas. Dialog Axiata is not the only MSP that carried UnTelco M&A activity in the financial segment with Telenor Pakistan acquiring shares of Tameer Microfinance Bank Limited in 2008 and in 2016. MSPs’ collaboration and M&A activity in the financial and fintech world will continue, as MSPs that venture into the p…
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