Dialog Axiata Group commits further $ 100 m to expand digital infrastructure

Axiata Group Berhad CEO and Managing Director Vivek Sood (left) shakes hand with BOI Chairman Arjuna Herath after exchanging the agreements signed between the two organisations. Others (from left): BOI Director General Renuka Weerakone, Dialog Axiata Chairman David Lau, Director and Group CEO Supun Weerasinghe, and Group Company Secretary Viranthi Attygalle

• Latest move brings cumulative investment to over $ 3.37 b as Sri Lanka’s largest FDI

Dialog Axiata PLC has announced a $ 100 million investment to further strengthen Sri Lanka’s digital infrastructure. 

With cumulative investments now exceeding $ 3.37 billion, Dialog reaffirms its commitment to inclusive connectivity, superior service delivery, and advancing the nation’s digital future. The premier connectivity provider and a member of the Dialog Axiata Group, the entity is Sri Lanka’s largest Foreign Direct Investor (FDI) operating under the guidance of the Board of Investment of Sri Lanka (BOI).

The latest investment comprises $ 81 million by Dialog Axiata PLC (DAP) and $ 19 million by Dialog Broadband Networks Ltd., (DBN), formalised through two Supplementary Agreements with the BOI. 

Dialog said these funds will be channelled into enhancing its mobile and fixed telecommunications networks, accelerating the adoption of next-generation technologies and expanding digital platforms that underpin the country’s connectivity and service ecosystem. A key focus of the investment is the expansion of 4G services and the development of 5G infrastructure, with Dialog ready to enable the commercial rollout of 5G services upon receipt of the necessary regulatory approvals.

BOI Chairman Arjuna Herath said: “Dialog continues to invest and expand its operations, which reflects strong prospects for the telecommunications industry and the country at large. We believe this planned expansion will not only enhance last-mile connectivity and rural coverage but also serve as a catalyst for further digital innovation—positively impacting both consumers and the economy.”

Axiata Group Berhad CEO and Managing Director Vivek Sood said: “This investment is a reaffirmation of Axiata’s deep-rooted confidence in Sri Lanka’s future. We are proud to continue enabling our operating companies to deliver world-class connectivity and look forward to allocation of the commercial 5G spectrum to accelerate Sri Lanka’s digital economy.”

Dialog Axiata PLC Chairman David Lau said: “Dialog’s long-standing presence in Sri Lanka reflects our unwavering commitment to building infrastructure that not only supports economic growth but also enhances the lives of millions. This investment will ensure Dialog continues to play a leading role in shaping the country’s digital future.”

Dialog Axiata PLC Director/Group CEO Supun Weerasinghe said: “We will continue investing in Sri Lanka’s digital journey, empowering individuals, enterprises, and communities through next-generation connectivity. This latest commitment strengthens our resolve to deliver inclusive, future-ready infrastructure that supports national progress and positions Sri Lanka for a connected tomorrow.”

Dialog Axiata is a subsidiary of Axiata Group Berhad—one of Asia’s leading telecommunications groups with operations spanning eight countries including Malaysia, Indonesia, Bangladesh, Cambodia, Sri Lanka, Singapore, and India. Backed by Axiata’s regional scale and technical expertise, Dialog continues to play a leading role in shaping Sri Lanka’s digital landscape through sustained investment and innovation.

Dialog said this latest initiative further reflects its unwavering dedication to powering the nation’s digital future—connecting communities, enabling economic opportunity, and fostering a more inclusive and technology-empowered society.