Mobitel will install a 200,000 line island wide GSM network by August, the first stage in its migration from its existing TDMA backbone.
The migration could see mobile tapping the local financial market to raise the US $ 50 million it requires for the infrastructure project.
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rn"We are still evaluating sources of funding and raising money from the local market is an option we will consider," Mobitel Chief Executive Lalith de Silva said. rn
rnFor its part as parent company Sri Lanka Telecom (SLT) will support Mobitels efforts to raise funds with a corporate guarantee for around US $ 70 million spread over two years, SLT Chairman Thilanga Sumathipala said. rn
rnOn Thursday Mobitel signed an agreement with Ericsson to install its GSM/GPRS 1800 network, up to 200,000 lines island wide by August 2003 and 200,000 more by 2004. rn
rn"The GSM/GPRS 1800 network will be rolled out in three phases, withrninitial installations scheduled to begin in the second quarter ofrn2003," Ericsson representatives