Copying and distributing are prohibited without permission of the publisher
Etisalat to invest $163m in Sri Lanka
21 July 2010
Etisalat has named Alcatel-Lucent to expand the Tigo network in Sri Lanka that it bought for $207m in 2009
Read more:
Etisalat
Sri Lanka
Tigo
3G
Alcatel-Lucent
Bharti Airtel
Abu Dhabi’s Emirates Telecommunications will be investing $163 million to expand its telecoms network in Sri Lanka’s war-hit north and upgrade broadband services in urban areas.
The network expansion of the former Tigo network would add 480 new base stations, taking the total to 1,580. In addition, Etisalat will also introduce Sri Lanka’s largest 3G network.
The UAE-based operator has named Alcatel-Lucent as the official vendor for the network expansion, which will take place over the next six months.
Besides Etisalat, the island’s 15-million-user mobile market is mainly shared between Malaysia’s Dialog Axiata, Mobitel Lanka, Hong Kong’s Hutchison Whampoa and India’s Bharti Airtel. Etisalat has nearly three million customers in Sri Lanka.
The company acquired Sri Lankan mobile operator Tigo in 2009 for $207 million. GTB