Bharti Airtel & Dialog Axiata signs Binding Term Sheet

Current Context: Dialog Axiata Plc and Bharti Airtel Limited have signed a binding term sheet to combine their operations in Sri Lanka.

• The deal will grant Airtel a stake in Dialog, representing the fair value of Airtel Lanka, Airtel’s wholly-owned subsidiary.
• The transaction is subject to regulatory and shareholder approvals and is expected to benefit both parties by providing access to a large customer base and enhancing network coverage and service capabilities
• The merger will likely have a significant impact on the competition in the telecommunications sector in Sri Lanka, as it will create the largest operator in terms of market share and customer base. According to a report by Analysys Mason.

Question:

Q.1 Which country’s telecom market will be affected by the merger of Bharti Airtel and Dialog Axiata?
a. India
b. Malaysia
c. Sri Lanka
d. Bangladesh