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Emirates Telecommunications Corp. said it offered to buy the mobile-phone assets of Millicom International Cellular SA in Sri Lanka as the biggest phone company in the United Arab Emirates seeks to expand abroad.


The Abu Dhabi-based company, known as Etisalat, bid for all of Millicom’s Sri Lankan assets on Sept. 4, it said in a statement to the Abu Dhabi bourse Monday. Etisalat didn’t reveal the amount of the bid and company officials said they wouldn’t disclose the value of the offer when contacted by telephone.

Millicom, controlled by Sweden’s Kinnevik Investment AB, provides prepaid wireless services in emerging markets. Millicom is selling assets in Asia, including units in Cambodia and Sri Lanka, to limit competitive and political risks.

Middle Eastern telephone-service providers are expanding in Africa and Asia to seek growth in emerging markets. Etisalat last year agreed to buy a 45 percent stake in India’s Swan Telecom and in July agreed to rent Reliance Communications Ltd.’s wireless network in the country. The same month it submitted a bid to Libya’s telecommunications regulator for the country’s fixed and mobile-phone license.

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