Etisalat, the UAE’s largest telecoms group, has announced that it will invest US$163m to expand its Sri Lankan operations.
The operator entered the market through the purchase of Tigo Sri Lanka in October 2009 for US$207m. Tigo is Sri Lanka’s…
Etisalat, the UAE’s largest telecoms group, has announced that it will invest US$163m to expand its Sri Lankan operations.
The operator entered the market through the purchase of Tigo Sri Lanka in October 2009 for US$207m. Tigo is Sri Lanka’s second-largest mobile phone operator with more than 3 million subscribers.
The expansion will cover former warzones in the island’s north and east, upgrading the technology to 3G standard and according to Etisalat Sri Lanka’s CEO, Duminda Rathnayake, the network will increase coverage to 80% of Sri Lanka population from a current 65%.
Etisalat competes with Dialog Axiata and Mobitel, a subsidiary of Sri Lanka Telecom.
