Big Money

June 08, 2007 (LBO) – Dialog Telekom signed up with Board of Investment to invest 33 billion rupees (300 million dollars) to expand existing services and set up broadband fibre optic and microwave transmission networks across the island.

As an internal conflict intensifies, telecoms remain one of few remaining growth sectors. The investment to be made over the next two years includes expanding Dialog’s digital satellite TV services and deployment of terrestrial digital video broadcasting infrastructure.

“This investment brings Dialog’s total commitment to the telco sector in Sri Lanka to over 800 million dollars,” Dialog Telekom chairman Muhammad Radzi told a news conference.

The company said it will also make “substantial investments” to provide international bandwidth to Sri Lanka’s ICT sector via the SeaWeMe4 submarine cable and also invest to expand network of customer support centres.

The Board of Investment gives tax concessions for investment.

The company, the island’s largest mobile operator with 3.5 million customers, is expanding its telecommunications and media services across the island.

Associated infrastructure investments include expanding the firm’s GSM and 3G mobile networks, introducing v