Etisalat – Sri Lanka
Encyclopedia
Etisalat (English: Communication), known as Celltel until 2007, and Tigo (Sri Lanka) between 2007 and 2010, is a mobile telecommunications network in Sri Lanka
Sri Lanka
Sri Lanka, officially the Democratic Socialist Republic of Sri Lanka is a country off the southern coast of the Indian subcontinent. Known until 1972 as Ceylon , Sri Lanka is an island surrounded by the Indian Ocean, the Gulf of Mannar and the Palk Strait, and lies in the vicinity of India and the...

. It is currently owned by the UAE based telecommunications operator Etisalat
Etisalat
Emirates Telecommunications Corporation, branded trade name Etisalat is a UAE based telecommunications services provider, currently operating in 18 countries across Asia, the Middle East and Africa...

.

Celltell and Tigo

Etisalat was founded as Celltel in June 1989 on a Motorola TACS system, becoming the first cellular network in Sri Lanka. It was then rebranded by Millicom International
Millicom
Millicom International Cellular, also known as Tigo, is a mobile phone network provider in America and Africa. Based in Luxembourg, the company provides mobile services in 14 countries. With operations across Central America, South America, South-east Asia, and Africa, using GSM, CDMA and TDMA on...

 in January 2007, as Tigo (Sri Lanka).

Acquisition by Etisalat

Etisalt acquired Sri Lankan operations of Millicom International, Tigo (Sri Lanka) on 16th October 2009. The acquisition was completed with a total enterprise value
Enterprise value
Enterprise value , Total enterprise value , or Firm value is an economic measure reflecting the market value of a whole business. It is a sum of claims of all the security-holders: debtholders, preferred shareholders, minority shareholders, common equity holders, and others...

 of 207 Million US$, out of which 155 Million US$ was in cash. Etisalat changed the Operator/Brand Name tiGo to Etisalat On 25th February 2010.

Competition

Etisalat (Sri Lanka) competes with international operators like Dialog Axiata, Mobitel
Mobitel (Sri Lanka)
Mobitel Ltd. is a mobile phone network in Sri Lanka. It is wholly owned by Sri Lanka Telecom . The network offers a variety of services and currently operates a GSM/GPRS/EDGE/UMTS/HSPA network utilising 3.5G technology. Mobitel was the first 3.5G operator in Sri Lanka and South Asia. It covers...

 (Sri Lanka Telecom), Hutch
Hutch Sri Lanka
Hutch Sri Lanka is a 100% prepaid mobile telecommunications brand under the company Hutchison Telecommunications International Limited that offers a range of GSM services throughout Sri Lanka. Hutchison launched its GSM service in 2004 with the aim of being a nationwide operator in Sri Lanka.-...

 (Hutchison) and Airtel (Bharti Airtel).

Technology

Etisalat Lanka operates a GSM/EDGE
Edge
- Aviation :* Leading edge, a line connecting the forward-most points of a wing's profile* Trailing edge, the rear edge of the wing* Zivko Edge 540, an aerobatic aircraft- Mathematics, science and technology :...

 supported network using 900 / 1800 MHz. The company on 5th of May 2011 launched HSPA+ services over 2100 MHz, becoming the first LTE
3GPP Long Term Evolution
3GPP Long Term Evolution, usually referred to as LTE, is a standard for wireless communication of high-speed data for mobile phones and data terminals. It is based on the GSM/EDGE and UMTS/HSPA network technologies, increasing the capacity and speed using new modulation techniques...

ready mobile network in the country.
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