Airtel Lanka CEO/MD Jinesh Hegde (left) and BOI Chairman Dumindra Ratnayaka
Airtel Lanka recently signed an agreement with the Board of Investment of Sri Lanka (BOI) to further invest into its operations in the country. The investment commitment was made under the aegis of the Telecommunication Regulatory Commission (TRC) of Sri Lanka.
Airtel Lanka CEO/MD Jinesh Hegde stated, “This investment underscores our commitment to Sri Lanka and the fact that we are bullish on the future of the country’s economy. The network footprint expansion paired with intelligent network and mobile broadband will equip Airtel Lanka with the latest upgrades. I am happy to declare, this is a continuation of our current investment of $ 0.5 billion which we have already made in Sri Lanka. This will further contribute to the socio-economic development of the country by further evolving the country’s critical infrastructure to world-class standards.”
BOI Sri Lanka Chairman Dumindra Ratnayaka stated, “We are happy that Airtel is investing in Sri Lanka and wish them luck for their expansion.”
Over the last 18 months Airtel Sri Lanka’s network enhancements have been recognised by the regulator and third party network tests for fastest internet speeds in the country. As a result Airtel is currently the second largest player among the internet savvy youth of Sri Lanka. The telco’s impact in the country has not only seen the introduction of affordable technology paired with critical infrastructure but has also provided direct and indirect employment opportunities for over 60,000 citizens island-wide. Thus strengthening its place as a key corporate partner in Sri Lanka’s path to progress.