Buying Space

Dilshan Wirasekara, Chief Executive Officer of First Capital Treasuries PLC

The telecom regulator is awaiting Ministry approval to allocate two frequency slots in the 1800 MHz range, of three put up for sale.
Telecommunications Regulatory Commission (TRC) Director General, Themia Hurulle on Wednesday said that the documentation for the allocations would be presented to the Secretary to the Ministry of Mass Communication during the week. rn

rnThough limited to the four mobile operators, only Dialog and Mobitel opted to put in bids for the frequency.rn

rnThe mobile operators will use the frequency to expand their GSM capacity and geographic coverage. rn

rnHurulle in a previous interview told Lanka Business Online that a floor price of US$ 100,000 had been fixed.rn

rnIndustry sources say the two mobile operators paid a small premium above the base rate.rn

rnThe exercise was initiated in response to calls from the mobile operators for allocations of frequency in the 1800 MHz range to roll out broadband services and expand their GSM capacity. rn

rnTRC officials hope to