Sri Lankan telecom service provider Dialog Axiata will invest $115 million towards Capex (capital spending) to expand its nationwide telecommunications networks and digital satellite television services.
Also read: Dialog Axiata Capex for 2013 reaches Rs 28.3 billion
The investment focus of Dialog Axiata will be the expansion of the ICT infrastructures of the Dialog Group, including 4G and 3G high-speed broadband, disaster recovery, technology modernization and upgrades.
Axiata Group has more than 230 million subscribers spanning seven markets in Asia.
Since 1994, Axiata invested $1.6 billion in Sri Lanka.
Earlier, Dialog Axiata said it Group’s consolidated revenue rose 12 percent to Rs 63.3 billion in FY 2013. The telecoms said the group revenue for Q4 2013 grew 1 percent to Rs 16.3 billion.
While EBITDA increased 7 percent to Rs 19.9 billion, Group EBITDA margin for FY 2013 declined 1.5 percent to 31.5 percent. Group EBITDA contracted by 12 percent q-o-q due to higher cost base including escalation of network and other operating costs. Group net profit for FY 2013 decreased 14 percent to Rs 5.2 billion.
