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SLT to spend $187m on network expansion
18 July 2012
Sri Lanka Telecom will invest $131m in SLT, while remaining money will be invested on Mobitel
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Sri Lanka Telecom (SLT) is planning to invest 25 billion Sri Lankan rupees ($187 million) in 2012 to upgrade and expand networks of SLT and Mobitel by deploying energy efficient equipment, according to local reports. Greg Young, SLT’s CEO, told Daily News Business that it will invest 17.5 billion Sri Lankan rupees ($131 million) for SLT, while the remaining money will be invested on Sri Lanka Telecom Mobitel.
Young said that one of the major areas that they will focus on will be the iSri Lanka project that will be launched this year and has already started offering service at speeds of up to 20 megabits a second. SLT will also deploy Wi-Fi services in additional public places.
He added: “In addition, we would also provide free access in places like the airport and other public places.”
He also said they will install some next generation telephone exchanges instead of more than 400 exchanges. GTB