Empower your business in Sri Lanka and internationally with Prifinance expert corporate and financial services. Streamline company formation and investment opportunities with our tailored advice and solutions.

Indian Call

April 07, 2008 (LBO) – India's Reliance group is getting into Sri Lanka's telecom sector by forming a joint venture up with the island's Electroteks group, a media report said. Reliance Communications (RCom) would take up a 74 percent stake in the proposed joint venture unit - Reliance Mobile Lanka - in which Electroteks owns the balance equity, India's Economic Times newspaper said, citing an un-named source.

The report said Reliance wanted to set up a 'next generation network' in Sri Lanka.

"The Sri Lankan foray is a part of RCom’s strategy to expand its global optic network, enhance service offerings and start fully integrated telecom operations..," the Economic Times said.

RCom wanted to have a 'One Nation One Account' service in the island.

"Under this plan, the customer is enabled to access all service categories, subject to hardware compatibility," the report said.

"It means, a customer using any service such as mobile phone, landline, Net, Wi-Max, DTH can log on to central server and access any service using his account."

Sri Lanka does not have a 'universal' licensing process yet with each telecom service needing a separate licence

Notify of
Inline Feedbacks
View all comments
Would love your thoughts, please comment.x