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.
Today, at a ceremony to sign a large number of investment agreements at the Board of Investment of Sri Lanka, it was revealed that Bharti Airtel, Sri Lanka’s fifth mobile operator, is planning to invest USD 150 million. This amount is below industry expectations and suggests that Bharti will start slow, with a conventional rollout concentrated in the Northwestern, Western and Southern provinces. Pity.