CK Hutchinson, a Cayman Islands–registered multinational conglomerate headquartered in Hong Kong, and Emirates Telecommunication Group Company PJSC, a multinational Emirati based telecommunications services provider, merged their operations in Sri Lanka. The combined business of Hutch Lanka and ESL will be better positioned to serve their Sri Lankan customers. This transaction is part of the stated strategy of portfolio optimization of the Etisalat Group. Upon completion of the transaction, CKHH Group will have the majority and controlling stake in the combined entity.