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Dialog, BOI to invest additional USD175m in ICT infrastructure

Friday, Oct 23, 2015

Sri Lanka’s largest mobile operator by subscribers Dialog Axiata has inked a deal with the country’s Board of Investment (BOI), under which an additional USD175 million will be invested in ICT infrastructure. The agreement encompasses expansion of Dialog’s third-generation and fourth-generation broadband services alongside development of its fibre-optic transmission network, international telecommunications network and digital satellite television infrastructure. Dialog says it will also direct investments towards enhancing its digital services portfolio, including payment, commerce, education and health initiatives.

The development agreement will increase Dialog Axiata’s cumulative investment to USD1.96 billion, the highest among all Foreign Direct Investments (FDI) operating under the aegis of the BOI.

Dialog’s Director/Group Chief Executive Dr. Hans Wijayasuriya commented: ‘As espoused in our investment pledge, we will continue our thrust in supporting the vision of the government of Sri Lanka in accelerating the advancement of Sri Lanka’s digital economy through the delivery of affordable and plural available services of the highest quality.’

 

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