January 26, (LBO) – Sri Lanka Telecom is investing 100 million dollars this year as part of a medium-term strategy to boost revenues from IP based services, migrate rapidly towards a packet-switched network, and drum up international business volumes, a top official said. “We want to increase business from non-traditional business to 70 percent over ten years and become a global IP solutions provider,” SLT’s newly appointed CEO, Shoji Takahashi told reporters.
Internet Protocol networks exchange information as data packets, as in the internet.
SLT is also rapidly transforming its domestic circuit-switched network infrastructure into a packet-switched network, with a series of optical-fibre rings forming the backbone of the strategy.
The fibre infrastructure can also emulate circuit-switched properties using Muliprotocol Label Switching (MPLS).
Japan’s NTT owns 35.2 percent of the company. Takahashi was with NTT in Hong Kong before coming to Sri Lanka.
SLT is connected to the SEA-ME-WE cable of which it is a part owner, and has two private submarine cables with BSNL of India and Dhiraagu Telecom of Maldives.
SLT has a point-of-presence in Hong Kong where it is connec