Wiping over US$ 30 million in debt clean off its accounts, Lanka Bell is now monitoring the communication lines, looking for a technical partnership that will take its services to the masses.
Lanka Bell Managing Director, Joey Mendoza says the debt elimination programme, which saw its total debt wiped off its accounts earlier this week, was in preparation for network and service expansion. rn
rnMendoza says the move has cleared the way for Lanka Bells negotiations with potential new partners and lending agencies, who previously would have been very cautious of the telcos propositions due to its heavy debt burden. rn
rnldblquote Our plans will unfold during the next twelve months, by when we hope to have a new technical partner and begin our network expansion into rural areas.
rnLanka Bell will initially concentrate on expanding around its existing coverage areas, before embarking on a wider rural roll out plan. rn
rnMendoza says Lanka Bell would use a technology different to its pre