Sri Lanka Dialog sets up new unit for digital business

COLOMBO, Nov 28, 2014 (EconomyNext) – Sri Lank’s biggest mobile phone firm, Dialog Axiata, has set up a fully-owned subsidiary called Digital Holdings Lanka (Pvt) Ltd (DHL) to handle its new business, a stock exchange filing said.

The company, part of Malaysia’s Axiata Group, has said it wants to expand its e-commerce business.

"DHL will function as Dialog Group’s investment holding company for new business areas," the statement said.

In December 2012 Dialog bought, an e-commerce site, by acquiring a stake in Digital Commerce Lanka, aiming to consolidate group e-commerce businesses.

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