Bharti Airtel Lanka signs $ 100 m Investment Agreement with BOI
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Dr. Sarath Amunugama |
Bharti Airtel Lanka (Pvt) Ltd., a subsidiary of Bharti Airtel, one of
the leading telecom services providers in the world, said that it has
signed a USD 100 million investment agreement with the Board of
Investment Sri Lanka (BOI).
This is the second phase of the company’s commitment to invest US $
200 Million in Sri Lanka over the next five years.
The investment will enable Bharti Infratel Lanka (Pvt) Ltd., a wholly
owned subsidiary of Bharti Airtel Lanka, to roll out all passive
infrastructure necessary to gear the company for launch of its services
and underlines the company’s commitment to deliver quality services to
the mobile subscriber market in Sri Lanka.
Under the patronage of the Minister of Enterprise Development and
Investment Promotion, Dr. Sarath Amunugama the investment agreement was
signed by Dhammika Perera Chairman/Director General of the Board of
Investment of Sri Lanka and Olof Haag, Chairman and Country Head, Bharti
Airtel Lanka (Pvt) Ltd. and Mrs. Amali Nanayakkara, CEO, Bharti Airtel
Lanka (Pvt) Ltd.
“Today, we strengthen our commitment in taking the telecommunications
industry in Sri Lanka to new heights.
The implementation of the passive infrastructure with this
investment, covering radio communication towers, generators and shelters
will not only strengthen Bharti Airtel Lanka, but will also resource
other players who may opt to employ our infrastructure in deploying
their services in the future as well.
This initiative will open an era of infrastructure sharing, inviting
all players to leverage what we have set in motion,” Olof Haag said.
“The support we have received from the BOI, TRCSL, the CEA and other
agencies of the Government of Sri Lanka in this regard are truly
appreciated,” he said.
Dr. Amunugama said, “The investment will no doubt strengthen the
future of the industry and further enhance the already vibrant
telecommunications market in Sri Lanka. We are encouraged by the efforts
made by Bharti Airtel Sri Lanka in this regard”
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