SLT signs BOI deal to install teleco equipment in 157 sites

From left: BOI Chairman Mangala Yapa, SLT Chairman P.G. Kumarasinghe Sirisena, SLT Company Secretary Mahesh Athukorala, General Manager Financial Planning and Investor Relations Upali Mahamithawa, and SLT Legal Officer A.R.E. de Silva

Granting approval to install telecommunication equipment in 157 sites, the BOI signed an agreement with the national communication service provider, Sri Lanka Telecom (SLT) recently. This approval was also permitted by the Telecommunication Regulatory Commission of Sri Lanka (TRCSL).

On behalf of the BOI Mangala Yapa, Chairman of the Board signed the Agreement and P.G. Kumarasinghe Sirisena, Chairman of Sri Lanka Telecom PLC, along with Mahesh Athokorala, Company Secretary of SLT signed on behalf of SLT. 

Attending to the event P.G. Kumarasinghe Sirisena stated, “Facilitating the smart Sri Lanka initiatives and developing the digital economy of the country, during the recent past our group of companies invested nearly Rs. 150 billion in national digital infrastructure developments. We are now digitalising the company with the intention of better service to the nation. I believe we are the only company in Sri Lanka investing over Rs. 17 billion in human capital annually to build a loyal, smart workforce with high productivity and quality. As the most successful business venture under the privatisation program, during the year 2018 alone, our company contributed Rs. 35 billion to the Government by way of dividends and taxes despite high investments,” he further stated.

By the signing of this supplementary agreement with BOI, SLT will further expand its investment. In fact, SLT had been formally recognised as a success story at the BOI’s 40th anniversary celebrations held last year.