Lanka Bell relatively medium size player backed by a corporate giant ,but compared to other two leading companies with international exposure ,has been looking for an investor since 2009.
telecommunication sector ,one time most powerful and leading sector in healthy profits specially in 2006 to 2009 was affected by various TAXes imposed .
With the entry of another two multinational players specially to mobile sector worsened the situation.
Now it is time for consolidation.Dialog has taken over Suntel and Lanka Bell deal may get sealed and most probably buyer will be an existing player in Sri Lanka.
So we will see that big corporates with multinational identity will secure their position in Sri Lanka.
So Dialog will show a gradual increase in their profits after the breakeven point of their satellite TV.
That may be the reason Share price of Dialog is somewhat stable even in negative market like this.