Sri Lanka’s Dialog Telekom has signed an investment agreement with the Board of Investment of Sri Lanka (BoI) to invest a further US$300 million in the country’s Telecoms and Media sectors within the next 2 years.

A substantial portion of the total investment will be in fixed line Telephony and Broadband services via Dialog Broadband Networks (DBN), and Digital Television Broadcast services via Asset Media, respectively.

The investments in DBN will be directed towards the growth of CDMA-based Rural Fixed Telecommunications Infrastructure, WiMax based wireless broadband infrastructure and for the deployment of a National Fibre Optic backbone. Read more.