Dialog Axiata committed to invest $152.4 million on ICT infrastructure to accelerate Sri Lanka’s digital nation ambitions by providing more reliable and cost-effective connectivity.
The operator signed agreements with the Board of Investment (BoI) of Sri Lanka to invest $112.8 million, with the remaining $39.6 million coming from subsidiary Dialog Broadband Networks.
Dialog stated the investments will be used to expand mobile and fixed LTE networks to improve rural and indoor coverage; develop its Wi-Fi, broadband, IP and fibre networks; and upgrade its big data analytics and customer interaction capabilities.
BoI chair Raja Edirisuriya stated Dialog had been “instrumental in progressing our nation towards becoming a formidable next-generation digital infrastructure champion”.
He added as the largest foreign investor in the country, Dialog is a “key enabler of this journey, even amid uncertainties”.
The operator’s cumulative investments total $3.1 billion.
Shahril Ridza Ridzuan, chairman and independent non-executive director of Axiata Group said it considers Sri Lanka “to be one of the key innovation hubs, where Dialog has achieved many region firsts”.