Oct 03, 2012 (LBO) – A telecom regulators forum in Sri Lanka’s capital Colombo is looking at ways to create better conditions to foster information technology as broadband coverage takes holds around the world officials said. Lalith Weeratunga, chairman of Telecommunications Regulatory Commission of Sri Lanka said regulator had to strike a balance between regulation to provide better services and excessive regulation that will stifle market growth and innovation.
He was speaking to reporters after during the first day of International Telecommunication Union’s Global Symposium for Regulators 2012, with delegates from over 100 countries and operators and technology providers also shared their experience and feedback.
“Here in Sri Lanka, you are very fortunate in having a very positive climate for ICT growth, thanks to the active efforts of the Telecommunications Regulatory Commission of Sri Lanka,” Hamadoin I Toure, director general of ITU said.
“It is decisions that are made by national regulators – of which there are now 159 worldwide – that shape the market conditions for the growth information and communications services.
Until the early 1990s when Sri Lanka started to de-regulate the telecom sector an