edotco Sri Lanka signs BOI deal for 400 more multipurpose smart streetlamp pole sites

Thursday, 9 December 2021 00:00 - - {{hitsCtrl.values.hits}}

BOI Chairman Sanjaya Mohottala (right) along with edotco Acting Country MD/Director – Group Strategy Gayan Koralage, edotco Sri Lanka Director – Finance Chamika Ranasinghe along with other officials from edotco and BOI

Has already built close to 500 streetlamp poles and invested close to $ 15 m in tower infrastructure

edotco Services Lanka Ltd. (edotco) recently signed an agreement with Board of Investment Sri Lanka (BOI) to include a further 400 multipurpose smart streetlamp pole locations to its investment portfolio.

edotco Sri Lanka is a fully owned subsidiary of the world’s seventh largest telecommunication tower infrastructure company, the edotco Group Sdn Bhd based out of Malaysia.

edotco was granted BOI Section 17 status in 2015. Aligned with its Group’s purpose of helping nations to advance its digital infrastructure in all the countries it operates, edotco has pledged an investment commitment of $ 55 million in 2019.

Today, edotco has built close to 500 streetlamp poles and invested close to $ 15 million in tower infrastructure since it entered the Sri Lankan market. The additional commitment of 400 smart streetlamp poles will help mobile network operators and other technology services providers enhance their network capacity and coverage to meet the emerging demand of increased data usage by the end customers.

The innovative and sustainable smart pole solution will reduce data congestion, provide positive customer experience and contribute to the nation’s digital ambition by addressing the digital infrastructure readiness for future advanced technology.

edotco Acting Country Managing Director Gayan Koralage, said: “We are committed and are relentless in our pursuit to help the country rollout its national digital infrastructure agendas to connect the unconnected and under-connected citizens. The post-pandemic data boom has forced citizens to do more remotely on digital platforms which rely heavily on mobile internet availability, stability and speed. We are committed to helping the Government enable digital connectivity by delivering next-gen engineering solutions.”