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30 November, 2015 10:05 AM Source: Financial Times - Sri Lanka
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Leading mobile service provider Mobitel Ltd., in a statement denied reports in certain print and digital media outlets that it was looking to pay over and above the value of a targeted entity in an acquisition contemplated by the company.
Mobitel stated that it was considering a strategic acquisition of a local operator to enhance its market position and asset base in line with a strategic investment plan.

Furthermore, Mobitel stated that it was following the due process required for such a transaction and no finality had been reached.

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