SLT signs USD415m two-year investment pledge

25 Apr 2014

Sri Lanka Telecom (SLT, including cellco Mobitel) has agreed with the country’s Board of Investment (BoI) a commitment of USD415.44 million to be spent within the next two years on expanding and upgrading broadband, telephony, information technology and converged network infrastructure. According to the partly state-owned telco’s press release, the BoI agreement signing on 23 April 2014 covers ‘the expansion of multi-faceted national ICT infrastructures’, including: internet data centres, voice telephony, enterprise and wholesale services, fixed broadband access including fibre-to-the-home (FTTH), IPTV (‘Peo TV’), fibre-optic transmission networks, 4G LTE mobile broadband, international connectivity and Wi-Fi wireless broadband.

Sri Lanka, SLT-Mobitel, Sri Lanka Telecom (SLT-Mobitel)