Apr 24, 2014 (LBO) – Sri Lanka Telecom said it would invest 415 million US dollars to expand its network, build data centres, and expand its pay TV and services to businesses over the next two years. SLT said it had invested 1.3 billion US dollars since becoming a BOI company with 485 million going for infrastructure.
The firm had signed an investment agreement with the Board of Investment of Sri Lanka, which give tax breaks to new investments.
SLT chairman Nimal Welgama said its investments will increase Sri Lanka’s strategic geographical advantages and provide information communications technology solutions.
The agreement with the BOI covers expanding internet data centres , voice services, wholesale services to businesses, high speed broad band services, pay television expansion, fourth generation mobile, wife and fibre-to-the-home projects.