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Dialog Axiata

Dialog Axiata PLC is Sri Lanka's leading telecommunications company and the largest foreign direct investor in the country, providing quad-play connectivity services including mobile telephony, fixed broadband, digital pay TV, and international communications as a subsidiary of Malaysia-based Axiata Group Berhad. Established in 1993 and listed on the Colombo Stock Exchange in July 2005 through the largest initial public offering in Sri Lankan history at the time, Dialog Axiata has grown to serve over 20 million customers as of 2025, holding a dominant position in the mobile market with nationwide coverage spanning 91% of the land area and 99% of the population as of December 2024. The company has invested over USD 3.37 billion in Sri Lanka's digital infrastructure as of May 2025, pioneering key innovations such as South Asia's first 3G network in 2006 and Sri Lanka's inaugural 4G LTE services in 2013, while advancing 5G trial capabilities and AI-powered network optimization. Dialog Axiata is renowned for its commitment to sustainability, community engagement, and technological leadership, earning accolades like the SLIM-KANTAR Telecommunication Brand of the Year for 14 consecutive years as of 2025 and multiple Global Mobile Awards.

Overview

Corporate profile

Dialog Axiata PLC is Sri Lanka's leading telecommunications provider and the largest mobile network operator in the country, serving a subscriber base of over 20 million customers across its quad-play services. As a subsidiary of Axiata Group Berhad, the company was founded in 1993 and has grown to dominate the market with a mobile subscriber share exceeding 60%. Headquartered at 475 Union Place in Colombo, Sri Lanka, Dialog employs 3,139 people as of 2024 and is publicly listed on the Colombo Stock Exchange under the ticker DIAL.N0000. The company's core business areas encompass mobile voice and data services, high-speed broadband, digital pay-TV through Dialog Television, and a range of digital and enterprise solutions including financial and IT services. Dialog maintains market leadership in the mobile sector with around 60% share, as well as in pay-TV and home broadband, driving its position as the nation's top connectivity provider. In the fiscal year 2024, Dialog reported group headline revenue of LKR 171.2 billion, reflecting a 10% year-over-year increase in core revenue to LKR 151.3 billion, fueled by growth in mobile data and broadband segments. For the first nine months of 2025, group revenue reached LKR 100.1 billion, up 22% year-over-year, with net profit after tax of LKR 14.9 billion, up over 100% year-over-year. Recent milestones underscore Dialog's focus on innovation and digital transformation. In mid-2025, the company launched Sri Lanka's first trilingual AI portal, offering data-free access to AI tools for learning, productivity, and problem-solving to enhance customer services. Additionally, Dialog expanded its 5G trial network to 15 districts nationwide by October 2025, including major cities like Colombo and Kandy, in preparation for commercial rollout following the spectrum auction. These initiatives, alongside AI-powered network optimization trials completed earlier in the year, position Dialog to sustain subscriber growth and operational efficiency into 2026.

Ownership structure

Dialog Axiata PLC is majority-owned by Axiata Group Berhad, a Malaysian telecommunications conglomerate, which holds a 73.8% stake as of 2025. This controlling interest provides strategic direction and resource allocation for the company's operations in Sri Lanka. The remaining shares are publicly traded on the Colombo Stock Exchange (CSE), comprising a 15.82% public float as of 2024, with key institutional investors including the Employees' Provident Fund of Sri Lanka holding 2.58%. Bharti Airtel Limited maintains a 10.4% stake, acquired through a 2024 merger of operations in Sri Lanka. Historically, Dialog Axiata traces its origins to 1993, when it was established as MTN Networks (Private) Limited with 90% ownership by Telekom Malaysia Berhad and 10% by the Capital Maharaja Group as local promoters. In 2005, the company rebranded to Dialog Telekom PLC and conducted an initial public offering (IPO) on the CSE, the largest in Sri Lankan history at the time, which introduced a public shareholding and reduced Telekom Malaysia's stake to approximately 87%. This listing enhanced liquidity and investor participation while maintaining Telekom Malaysia's majority control. Following the 2010 spin-off of Axiata Group Berhad from Telekom Malaysia, Dialog Telekom rebranded to Dialog Axiata PLC to align with the parent group's identity. Dialog Axiata maintains full ownership of key subsidiaries, including Dialog Television (Private) Limited, which operates pay-TV services, and Dialog Broadband Networks (Private) Limited, focused on fixed broadband infrastructure. Its international ventures are managed through entities such as Dialog Axiata Digital Innovation Fund (Private) Limited, supporting digital initiatives beyond Sri Lanka. As a licensed telecommunications operator, Dialog Axiata operates under the oversight of the Telecommunications Regulatory Commission of Sri Lanka (TRCSL), which regulates spectrum allocation, tariffs, and service quality. The company also complies with CSE listing rules, including disclosure requirements and corporate governance standards, ensuring transparency in its ownership and financial reporting.

History

Inception and early operations (1993–2005)

MTN Networks (Private) Limited was incorporated on 27 August 1993 in Sri Lanka, promoted by Sun Power Systems (Private) Limited and Telekom Malaysia Berhad (TM), with TM acquiring majority equity by 1996 to become the full owner through its subsidiary TM International (L) Limited. The company received a 20-year license on 28 September 1993 from the Sri Lankan government to operate cellular mobile telephone services using GSM technology, positioning it as a pioneer in digital mobile communications. Commercial operations launched in 1995 under the Dialog GSM brand, establishing the first digital GSM network in South Asia and initiating mobile services with a modest initial subscriber base that rapidly expanded amid growing demand for accessible telephony. By the end of 2000, the subscriber count reached approximately 123,000, reflecting steady infrastructure development despite the nascent market. Telekom Malaysia's cumulative investment reached US$200 million by 2005, supporting network rollout and positioning MTN Networks as Sri Lanka's leading mobile operator. A pivotal milestone came in 1999 with the introduction of prepaid services via the "KIT" package, enhancing affordability and driving subscriber growth to over 600,000 prepaid users by 2003, even as the civil war restricted access and operations in northern and eastern provinces. Revenue grew from LKR 2.3 billion in 2000 to LKR 11.4 billion in 2004, with the company achieving its first operational profit in 1998 and market leadership by 2000 through a ~60% share. Post-2002 ceasefire, investments exceeding US$70 million in rural satellite and base station infrastructure addressed war-related disruptions, enabling broader coverage. Early operations faced challenges from the entry of mobile competitors like Celltel (the established analogue operator), Hutchison, and Mobitel, alongside fixed-line rivals such as Suntel, which intensified pressure in the telecom sector. Regulatory hurdles persisted under the pre-TRCSL framework, though Board of Investment incentives provided tax exemptions and support for foreign investment, aiding resilience amid economic instability and the civil conflict.

Expansion under Telekom Malaysia (2005–2010)

In 2005, MTN Networks (Pvt) Ltd rebranded to Dialog Telekom PLC as a fully owned subsidiary of Telekom Malaysia Berhad, marking a pivotal phase of consolidation and market positioning under its Malaysian parent company's oversight. This rebranding aligned with the company's initial public offering on the Colombo Stock Exchange in June 2005, which raised LKR 8.5 billion through the sale of approximately 10% of its shares and became the largest IPO in Sri Lankan history at the time, oversubscribed 6.5 times. The listing in 2005 further enhanced Dialog Telekom's visibility and access to capital, enabling accelerated investments in network infrastructure amid a rapidly growing mobile market. The period saw substantial infrastructure expansions to support rising demand. Dialog Telekom rolled out EDGE data services commercially in 2004, with further enhancements in coverage by 2006 to enable faster mobile internet access. In February 2007, it became the first operator in South Asia to launch commercial 3G services in Colombo, utilizing UMTS technology for high-speed data and video capabilities, followed by progressive nationwide rollout. These upgrades were complemented by extensive base station deployments, increasing network coverage to all provinces and facilitating the subscriber base's growth from approximately 2 million in late 2005 to over 6.8 million by 2010, capturing a dominant market share of around 57%. Key initiatives during this era underscored Dialog Telekom's role in national resilience and connectivity. In response to the 2004 Indian Ocean tsunami, the company provided free calls from mobile phones to affected areas and established a toll-free information hotline, aiding communication for displaced families and relief coordination. International roaming services, operational since 1997, expanded significantly by 2008 to over 200 destinations, enhancing global mobility for Sri Lankan users. Financially, the expansion drove robust performance under Telekom Malaysia's stewardship. Revenue reached LKR 18.0 billion in 2005, growing to LKR 35.8 billion by 2009 through subscriber additions and diversified services, more than doubling in scale. Profit after tax stood at LKR 7.0 billion in 2005, reflecting sustained profitability amid investments, with net profit reaching LKR 4.3 billion in 2007 despite competitive pressures.

Rebranding and growth as Axiata subsidiary (2010–present)

In 2010, following the 2008 demerger of Telekom Malaysia Berhad into Axiata Group Berhad and the subsequent rebranding of the parent company in 2009, Dialog Telekom underwent a name change to Dialog Axiata PLC to align with Axiata's regional identity while retaining the established "Dialog" brand and logo. This transition marked Dialog's integration into Axiata's broader portfolio of telecommunications operations across Asia, emphasizing sustained investment in Sri Lanka's mobile infrastructure. Dialog Axiata spearheaded network modernization with the launch of commercial 4G LTE services in April 2013, becoming the first operator in South Asia to deploy frequency-division duplex LTE using 10 MHz of spectrum in the 1800 MHz band. The company expanded 4G coverage progressively, achieving island-wide availability by the mid-2010s, which supported rising data demand and positioned Dialog as Sri Lanka's leading mobile broadband provider. In parallel, Dialog initiated 5G pilots in 2019 with standards-compliant demonstrations, followed by expanded trials in 2021 using standalone architecture for enhanced connectivity testing. By 2025, these efforts culminated in nationwide 5G trial networks across 15 districts, enabling applications in urban and rural settings ahead of anticipated commercial spectrum auctions. In October 2025, Dialog expanded its 5G trials to 15 districts nationwide, including urban and rural areas, in preparation for commercial spectrum auctions. Subscriber growth accelerated during this period, surpassing 15 million by 2015 through organic expansion and market penetration, reaching over 17 million by 2023, and exceeding 20 million following the 2024 merger with Airtel Lanka, which integrated operations via a share swap granting Bharti Airtel a 10.4% stake in Dialog. Amid national challenges, Dialog Axiata demonstrated operational resilience, particularly during the COVID-19 pandemic in 2020, by providing free data allowances, bonus talk time, and unlimited on-net calls to support remote work, learning, and health information access, including zero-rated access to government and medical apps. These initiatives, alongside free WiFi and television services at quarantine centers, aided public health responses without disrupting core network services. In recent years, Dialog has advanced into Internet of Things (IoT) solutions, building on a 2018 massive IoT network rollout with Ericsson supporting Cat-M1 and NB-IoT technologies, to enable smart city applications such as traffic management and environmental monitoring in partnership with government initiatives. Additionally, in July 2025, the company celebrated 20 years on the Colombo Stock Exchange, commemorating its record-breaking 2005 IPO. By 2025, these efforts contributed to revenue growth, with year-to-date (as of Q3 2025) figures reaching LKR 100.1 billion—a 22% year-on-year increase—and net profit after tax of LKR 14.9 billion, up over 100% year-to-date, driven by core services amid Sri Lanka's economic stabilization post-2022 crisis, including reduced inflation and improved foreign exchange reserves.

Services

Mobile telecommunications

Dialog Axiata offers a comprehensive mobile portfolio that includes both prepaid and postpaid plans tailored to diverse customer needs. Prepaid options provide flexible voice, SMS, and data bundles, such as the Unlimited Blaster plans that deliver unlimited access to social media platforms like Facebook, WhatsApp, and YouTube alongside varying data allowances starting from basic packages at Rs. 198 for 250 minutes of any-net calls and 250 SMS. Postpaid plans, including the Power Plan series, feature unlimited any-net voice calls, bundled SMS, and high-speed data with rollover and sharing capabilities, such as the Rs. 1,300 monthly package offering 20GB data and free subscriptions to streaming services. The company's network infrastructure supports legacy 2G and 3G technologies for basic connectivity while emphasizing advanced 4G LTE-Advanced coverage reaching 96% of Sri Lanka's population and 91% of the land mass. As of 2025, 5G services are available through pre-commercial trials in urban districts including Colombo, Kandy, and Kurunegala, expanded to 15 districts nationwide by September 2025, delivering peak download speeds up to 1 Gbps on compatible devices with 4G SIMs. Key innovations enhance user experience and security, with eSIM support launched in 2023 enabling seamless number transfers between devices without physical SIM swaps, a first in South Asia. VoLTE, implemented since 2016, provides high-definition voice and video calls over the 4G network with faster connection times. Anti-fraud measures include caller ID verification to combat spam and impersonation calls. Dialog Axiata holds a leading market position with 19.4 million active mobile subscribers as of June 2025, representing more than 60% market share following the 2024 acquisition of Airtel Lanka. The average revenue per user (ARPU) stands at LKR 452 monthly as of mid-2025, driven by data usage growth. To extend services to rural areas, Dialog Axiata engages in tower sharing agreements with competitors through infrastructure providers like Edotco, optimizing costs and coverage. Additionally, the deployment of solar- and wind-powered base stations, initiated in 2012 and expanded thereafter, supports sustainable connectivity, achieving up to 90% population coverage in remote regions.

Broadband and fixed-line services

Dialog Axiata's broadband services are primarily delivered through its subsidiary Dialog Broadband Networks (Private) Limited, which operates a fiber-to-the-home (FTTH) network offering high-speed internet connectivity. These services support download speeds of up to 1 Gbps, with recent unlimited speed-based plans introduced in 2025 providing tiers from 100 Mbps to 1000 Mbps without fair usage policies, data caps, or throttling. For areas without fiber availability, fallback options include DSL-based connections, though FTTH remains the focus for urban and expanding suburban deployments. Additionally, Dialog maintains over 5,000 Wi-Fi hotspots nationwide to complement home broadband access. Fixed-line services under Dialog Broadband include both traditional public switched telephone network (PSTN) lines and voice over IP (VoIP) solutions, tailored mainly for business customers through offerings like hosted PBX, hybrid voice systems, and smart PABX setups. These provide reliable telephony with 24/7 support and integration options for contact centers. For residential users, voice packages bundle with home broadband, allowing unlimited calls between Dialog fixed lines via a standard telephone connected to a Wi-Fi router, enabling cost-effective triple-play bundles that combine internet, voice, and television services. Coverage for fiber broadband reaches approximately 70% of urban areas in Sri Lanka, with ongoing expansions targeting broader penetration through infrastructure investments and collaborations with entities like Sri Lanka Telecom (SLT). By mid-2025, Dialog aims to enhance this to support 80% urban fiber access, driven by national digital initiatives. Key features include unlimited data plans starting from around LKR 2,700 monthly for entry-level fiber packages, alongside optional cybersecurity enhancements such as integrated firewalls and data privacy tools for enterprise users. As of the first quarter of 2025, Dialog's broadband subscriber base exceeds 1.6 million users, reflecting steady growth fueled by increased demand for home connectivity following the remote work surge post-2020. This expansion underscores Dialog's role in bridging Sri Lanka's digital divide, with fixed services serving over 1.6 million households as of mid-2025 and contributing to a group total exceeding 22 million subscribers across all segments.

Television and broadcasting

Dialog TV, a wholly owned subsidiary of Dialog Axiata PLC, operates as the company's direct-to-home (DTH) satellite pay-TV service in Sri Lanka. Inaugurated in February 2007, it delivers over 130 television channels encompassing entertainment, news, sports, and educational programming. The platform supports high-definition (HD) broadcasting, introduced as Sri Lanka's first in July 2012 with channels including National Geographic HD and Star Movies HD, and extends to 4K ultra-high-definition viewing via compatible set-top boxes. Key platform features include interactive television capabilities through the personal video recording (PVR) service, which allows subscribers to record programs, pause live TV, rewind up to two hours, and access catch-up content for up to 72 hours. Video-on-demand (VOD) options provide access to libraries featuring premium titles from providers such as HBO, AXN, and ViU Movies. The service integrates with the MyDialog mobile app, enabling users to activate channels, manage packages, and perform rescan functions remotely for seamless control. Dialog TV's content lineup emphasizes diverse partnerships, incorporating local Sinhala and Tamil channels like Sirasa TV, Swarnavahini, and Shakthi TV, which were added to the platform in 2013 to broaden appeal. International collaborations include a dedicated HBO bouquet offering channels such as HBO, HBO Hits, and HBO Signature for premium scripted series and films. In sports broadcasting, the service holds rights to major events, including the Indian Premier League (IPL) cricket tournament via dedicated packs and the English Premier League (EPL) football season on Star Sports Select channels in HD. The service maintains a subscriber base exceeding 1.6 million as of the first half of 2025, solidifying its position as Sri Lanka's leading pay-TV provider. To cater to varying infrastructure, Dialog TV adopts a hybrid satellite-IPTV delivery model, optimized for urban regions through devices that blend DTH signals with internet protocol television (IPTV) for enhanced streaming reliability. Recent innovations focus on hybrid devices, with the 2023 introduction of the ViU Hub 4K set-top box providing Android TV integration, over 130 live channels, and expanded VOD access on a single platform. Postpaid and prepaid packages range from Rs. 1,000 to Rs. 2,680 monthly, offering tiered channel selections without specified ad-free options in standard offerings.

Digital and enterprise solutions

Dialog Axiata offers a range of consumer-facing digital applications designed to enhance user experience and streamline services. The MyDialog app serves as the primary platform for customers to manage their telecommunications accounts, including bill payments, service activations, and usage monitoring, available on both iOS and Android devices with over 4.5 million downloads. Complementing this, the Dialog AI platform provides multilingual conversational AI support in Sinhala, Tamil, and English, enabling data-free access to customer assistance for queries on services and troubleshooting. Additionally, integrations with e-commerce and mobility services, such as cashless payments via the Genie app for PickMe ridesharing, facilitate seamless transactions by scanning QR codes directly from the driver's interface. In the fintech domain, Dialog Axiata's subsidiary, Dialog Finance PLC, delivers digital financial solutions tailored for consumers and micro, small, and medium enterprises (MSMEs). The Genie app, developed by Dialog Finance, supports mobile wallet functionalities including real-time payments, money transfers, and digital lending options like microloans through its Genie Business variant, which caters to business payment acceptance and financing needs. Dialog Finance also offers mobile insurance products, addressing low penetration rates in Sri Lanka by providing affordable, accessible coverage via integrated digital platforms. For enterprise clients, Dialog Axiata provides robust B2B solutions encompassing cloud computing, cybersecurity, and Internet of Things (IoT) deployments. Through partnerships with Google Cloud, Dialog enables scalable cloud services and collaboration tools like Google Workspace to support business productivity and data management. Cybersecurity offerings are bolstered by ISO 27001:2022 certification and expanded collaborations, such as with Check Point Software Technologies, to deliver advanced threat protection for Sri Lankan enterprises. In IoT, Dialog has implemented smart metering solutions for energy management, including a pioneering IoT-enabled smart grid with Lanka Electricity Company (LECO) to enable prepaid electricity metering and real-time consumption monitoring. Dialog Axiata drives innovation through developer-focused initiatives, notably the Ideamart API marketplace, which allows over 70,000 developers to access network-based APIs for building and monetizing applications, fostering an ecosystem that has supported more than 90,000 apps. While specific blockchain pilots for remittances were explored in regional fintech contexts, Dialog's emphasis remains on secure digital transaction platforms integrated with its broader services. These digital and enterprise offerings contribute significantly to Dialog's growth, with 1H 2025 group revenue reaching Rs. 87.4 billion, driven partly by expansions in data and digital services.

Global operations

International connectivity and roaming

Dialog Axiata maintains extensive international roaming agreements with over 650 operators across more than 200 destinations, enabling its customers to access mobile services abroad seamlessly. These partnerships include preferential arrangements with over 150 roaming partners and 30 global groups, ensuring broad coverage for voice, SMS, and data services. In the Asia-Pacific region, Dialog provides enhanced 4G and 5G roaming capabilities, with its 5G footprint expanded to 70 countries through collaborations with 150 mobile operators, supporting speeds up to 1 Gbps for compatible devices. To support these roaming services, Dialog Axiata invests in critical undersea cable infrastructure for reliable international connectivity. The company holds a stake in the SEA-ME-WE 4 submarine cable system, which connects Sri Lanka to key landing points in India (Mumbai and Chennai), providing low-latency links essential for cross-border data traffic between Sri Lanka and India. This cable, upgraded to a capacity of 4.6 Tbps, forms part of Dialog's broader portfolio, which also includes investments in the Bay of Bengal Gateway (BBG) cable offering 10 Tbps per fiber pair and the India-Asia-Xpress (IAX) system launched in May 2025, enhancing redundancy and high-speed global data flows. Dialog's roaming services cater to diverse traveler needs, with options for free incoming calls available in select destinations to minimize costs during international travel. Data roaming packs are affordable and flexible, activated easily via the MyDialog app or USSD codes. These packs are particularly utilized by Sri Lanka's large expatriate community in the Middle East, where high roaming volumes reflect the significant diaspora of approximately 1 million Sri Lankans working in countries like the UAE, Saudi Arabia, and Qatar. As of 2025, Dialog advanced its roaming offerings with full eSIM support for global activation, allowing customers to convert physical SIMs to eSIMs for seamless international use without hardware changes, compatible with devices like iPhones and select Android models. This update builds on the company's mobile network base, enabling hassle-free roaming activation abroad while maintaining connectivity to Sri Lanka's 4G/5G infrastructure upon return.

Partnerships and investments abroad

Dialog Axiata has pursued international expansion primarily through strategic partnerships and infrastructure investments focused on enhancing connectivity and enterprise services beyond Sri Lanka. Dialog Global, a dedicated division, delivers enterprise communication solutions leveraging the broader Axiata Group's regional footprint across South and Southeast Asia, enabling seamless global business operations for clients. A key investment in regional infrastructure includes the 2021 deployment of an 840 km submarine fiber optic cable linking Sri Lanka to Hulhumale in the Maldives, providing low-latency, high-speed connectivity to support enterprise and digital services in the Indian Ocean region. This project underscores Dialog's role in bolstering international bandwidth capacity and fostering economic ties with neighboring markets. In terms of partnerships, Dialog signed a Master Service Agreement with Telin Singapore in 2024 to manage international A2P SMS and voice termination traffic, improving security, compliance, and operational efficiency for cross-border communications. Additionally, Dialog has collaborated with global vendors like Huawei on 5G technology trials since 2017, which align with international standards and support roaming capabilities abroad, though initial implementations were domestic. Dialog maintains extensive roaming agreements with over 650 operators in more than 200 destinations worldwide, including 5G roaming expanded to 70 countries through partnerships with over 150 international networks as of August 2025, ensuring high-speed connectivity for subscribers traveling abroad. These alliances contribute to diversification, with international services forming part of Dialog's broader strategy to grow non-Sri Lankan revenue streams amid regional market dynamics.

Leadership

Chief executives

Dr. Hans Wijayasuriya served as the Group Chief Executive of Dialog Axiata PLC from 1997 to 2016, having joined the company's founding management team in 1994. During his tenure, he oversaw significant expansion, including the acquisition of the company by Telekom Malaysia in 2005, which transitioned Dialog from its origins under MTN ownership to integration within the Axiata Group ecosystem. Under his leadership, Dialog launched Sri Lanka's first 4G LTE network in 2013, enhancing mobile broadband accessibility and contributing to the company's market dominance. Wijayasuriya's strategic focus on multi-stakeholder partnerships and national empowerment initiatives solidified Dialog's position as Sri Lanka's leading telecommunications provider, with revenue reaching substantial growth by 2013. Supun Weerasinghe succeeded Wijayasuriya as Group Chief Executive in January 2017, a role he continues to hold as of 2025. With a background spanning nearly two decades at Dialog since joining in 1999—progressing through roles such as Chief Operating Officer and later Chief Strategy Officer at Axiata Group—Weerasinghe brought deep regional telecommunications expertise to the position. His leadership has emphasized digital transformation and 5G advancement, including pioneering South Asia's first 5G trials in 2017, the region's inaugural 5G Standalone network trial in 2022, and mmWave 5G testing in 2023. In 2025, under Weerasinghe, Dialog expanded its 5G trial network nationwide across multiple districts ahead of the anticipated spectrum auction and demonstrated practical 5G applications, such as a remotely operated water-surface cleaning robot. Weerasinghe's tenure has also been marked by navigating economic challenges, including Sri Lanka's 2022 crisis, with Dialog achieving a robust recovery by 2023 through across-the-board revenue growth in mobile, broadband, and enterprise segments, culminating in 6% year-on-year core revenue increase and EBITDA of Rs. 45.1 billion for the nine months ended September 2024. Dialog's succession from Wijayasuriya to Weerasinghe reflects Axiata Group's pattern of promoting internal leaders with regional expertise to ensure continuity in strategic digital initiatives.

Governance and board

Dialog Axiata PLC's board of directors consists of 10 members as of 2025, providing strategic oversight and ensuring alignment with shareholder interests. The board is chaired by David Nai Pek Lau, a nominee from the parent company Axiata Group Berhad, who has served in this role since July 2020. Approximately 40% of the directors are independent, promoting objectivity in decision-making, with notable independent members including Indrajit Coomaraswamy, former Governor of the Central Bank of Sri Lanka, bringing local economic expertise, and Dr. Sharmini Coorey, who contributes insights on governance and finance. Axiata representatives on the board include Vivek Sood, appointed as a non-independent non-executive director in January 2025, ensuring group-level coordination. The board operates through key committees to enhance accountability and efficiency. The Audit Committee oversees financial reporting, internal controls, and compliance with auditing standards. The Remuneration Committee determines executive compensation to align with performance and shareholder value. The Nominations and Governance Committee, chaired by Dr. Sharmini Coorey and including members such as Willem Lucas Timmermans and Vivek Sood, focuses on board succession planning, director appointments, and upholding governance standards. Dialog Axiata adheres to the Code of Best Practice on Corporate Governance issued by the Securities and Exchange Commission of Sri Lanka and the Institute of Chartered Accountants of Sri Lanka, as required by the Colombo Stock Exchange listing rules. The company has integrated environmental, social, and governance (ESG) reporting into its practices since 2018, with annual sustainability reports detailing progress on key metrics. Notable ESG commitments include a goal to achieve net-zero CO2 emissions by 2050 and a 45% reduction in greenhouse gas emissions by 2030. Post-2022 reforms have emphasized board diversity, resulting in 30% female representation, alongside robust anti-corruption policies that include a comprehensive anti-bribery program guided by top-level commitment and risk assessments.

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