[FONT=Arial, Helvetica, sans-serif]Bharti Airtel has said it will commence its operations in Sri Lanka this year. The company is looking at capturing high market share in the next few years.
The company will, however, have to compete with the Telekom Malaysia-owned Dialog Telecom, Celltel Lanka owned by Luxembourg-based service provider Millicom International Cellular, Hutchison owned by Hong Kong-based Hutchison Telecommunications and Sri Lankan government-owned Mobitel.
[/FONT][FONT=Arial, Helvetica, sans-serif]Sri Lanka now has 2.7 million fixed access subscribers, 7.9 million mobile and 200,000 internet and email subscribers. In March Bharti Airtel Lanka, a subsidiary Bharti Airtel, signed a USD 100-million investment agreement with the Board of Investment (BOI) of Sri Lanka to begin its operations in the country.
The agreement was the second phase of the company`s commitment to invest USD 200 million in Sri Lanka over the next 5 years. Bharti Airtel Lanka had a good support from all government authorities including the regulator, Telecommunications Regulatory Commission (TRC) in Sri Lanka.
The company acquired a license last year to provide 2G and 3G services in Sri Lanka and entered into a collaboration with Hong Kong based Huawei Technologies for the purpose.
Shares of the company closed down Rs 4.85, or 0.57%, at Rs 851.35. The total volume of shares traded at the BSE was 465,938. (Friday)
myiris
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The company will, however, have to compete with the Telekom Malaysia-owned Dialog Telecom, Celltel Lanka owned by Luxembourg-based service provider Millicom International Cellular, Hutchison owned by Hong Kong-based Hutchison Telecommunications and Sri Lankan government-owned Mobitel.
[/FONT][FONT=Arial, Helvetica, sans-serif]Sri Lanka now has 2.7 million fixed access subscribers, 7.9 million mobile and 200,000 internet and email subscribers. In March Bharti Airtel Lanka, a subsidiary Bharti Airtel, signed a USD 100-million investment agreement with the Board of Investment (BOI) of Sri Lanka to begin its operations in the country.
The agreement was the second phase of the company`s commitment to invest USD 200 million in Sri Lanka over the next 5 years. Bharti Airtel Lanka had a good support from all government authorities including the regulator, Telecommunications Regulatory Commission (TRC) in Sri Lanka.
The company acquired a license last year to provide 2G and 3G services in Sri Lanka and entered into a collaboration with Hong Kong based Huawei Technologies for the purpose.
Shares of the company closed down Rs 4.85, or 0.57%, at Rs 851.35. The total volume of shares traded at the BSE was 465,938. (Friday)
myiris
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