Sri Lanka Telecom will invest $415.44 million towards Capex (capital spending) in the next two years to expand communications, broadband and ICT.
(In pix) Lakshman Jayaweera, chairman of Board of Investment (BOI), Sri Lanka and Nimal Welgama, chairman – SLT Group on Wednesday signed an agreement in the presence of Lalith De Silva, group CEO of SLT.
Sri Lanka Telecom will expand Internet data centers, voice services, enterprise and wholesale services, broadband services, Peo TV, fiber optic network, 4G LTE, international connectivity, fiber-to-the-home (FTTH) and Wi-Fi wireless broadband projects.
The SLT group has invested over $1.3 billion in telecommunication service since coming under the BOI umbrella in 2007. Since obtaining BOI approval in 2007, SLT has invested in excess of $485 million to improve the country’s telecommunication infrastructure.
Lalith De Silva, group CEO of SLT, said: “The investment planned by SLT to establish the country’s ICT infrastructure will lead towards Sri Lanka being attractive for investments and conducive towards overall economic growth in the future.”
