News generated at the LIRNEasia@5 conference

Posted on December 15, 2009  /  0 Comments

We didn’t quite think we’d be generating news at the conference, but apparently some of what was said was truly newsworthy.

Capital investment in Sri Lanka’s telecom infrastructure has plummeted amid a price war and high taxation which will crimp expansion in the future and broadband roll out in the island, top telecom operators said.

“Before the price war each operator was spending about 150 to 200 million (US dollars) a year in capital expenditure,” Dumindra Ratnayake, head of Tigo Sri Lanka said at a forum organized in Colombo by LirneAsia, a regional policy research body.

“This year all operators put together may have invested about 150 million.”

Comments are closed.