Contrary to jingoistic claims that foreign owned telcos draining out local resources, the telecom sector continues to bring in new investment from outside. In Pakistan, at one point, 50% of the FDI was telecom. If the breakdown is provided, it may well be that the telecom sector accounts for 50% of FDI in Sri Lanka too.
“The BoI recognized Dialog Telekom as the company with the highest level of realized investment in 2007 totalling 328 million dollars in 2007.” Dialog Telekom, which has over four million subscribers, secured the top slot in investment rankings for the third year in succession having being recognized as Sri Lanka’s largest investor in 2005 and 2006 with investments of 90 million dollars and 150 million dollars.
Sri Lanka Dialog Telekom top investor for third year running – LANKA BUSINESS ONLINE
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