The Board of Investment of Sri Lanka granted investment approval to a new mobile (GSM) and fixed (SCDMA) telecommunications network provider. Mr. Dhammika Perera, Chairman / Director General signed the agreement on behalf of the BOI and formally presented the BOI Certificate of Registration to Mr. B.A.C. Abeywardena, Director of RTEC Mobile Lanka.

FDI, which has been successfully attracted by the BOI has played a major role in the development and modernization of Sri Lanka’s telecommunication.
RTEC Mobile Lanka (Private) Limited signed the agreement to set up and operate a mobile and fixed telecommunications network. The venture is an investment of US $ 100 million sponsored by Global Electroteks Limited, UK. The project will create 320 new employment opportunities in high technology field.