Tigo, Mobily in cooperation talks

A team from Tigo Sri Lanka returned from Riyadh following talks with a team from telecom giant Mobily, according to a statement issued by the two companies. The meeting evaluated possibilities of establishing an understanding between the two telecom companies, aimed at exploring ways and means of maximizing on the Etisalat group of companies and synergizing operations to positively impact Sri Lanka.

Tigo CEO Dumindra Ratnayaka said, “this sharing of expertise will help us move towards providing superior, more innovative and customer focused products and services.” He said, “ Etisalat has prominent global presence in the Saudi, UAE and the subcontinent- we hope to leverage on the stakes held in those countries to benefit Sri Lanka.”

Mobily is the brand name of the Kingdom of Saudi Arabia’s key telecommunications company, the Etihad-Etisalat consortium. The consortium is led by Etisalat of the United Emirates telecom, which owns 27.4% of Mobily. Other key investors include the General Organization for Social Insurance (GOSI), which holds an additional 11.2%.

Mobily has expanded its operations rapidly since it commercial launch on May 25, 2005, and grew its subscriber base to one million subscribers inside of 90 days. By the end of 2008 it had 14.8 million customers. The company is on the cutting edge of technology adoption.