June 16, 2014 (LBO) – Sri Lanka Telecom says it is boosting the island’s broadband connectivity with its high capacity fibre optic backbone and expanding international cable links. SLT has been licensed to build the national fibre optic network, where capacity will be made available to other operators.

Chief executive Lalith de Silva says the firm had invested heavily in the backbone network.

“We truly believe in sharing communication and ICT infrastructure towards achieving the development goals of the country,” he said in a statement.

The firm says it has invested 57 billion rupees (485 million US dollars) in its network since 2007.

The firm was also partnering in a 24 Terabit per second, SEA-ME-WE 5 (South East Asia – Middle East – Western Europe) cable consortium to expand international capacity.

SLT said it providing bandwidth at the lowest possible prices to boost economic activity and growth.