EDOTCO Sri Lanka inks $ 10 m BOI agreement to expand digital infrastructure

BOI Chairman Duminda Hulangamuwa (right) exchanges the agreement with EDOTCO Services Lanka Head of Corporate Affairs Dimanthi Jayathilaka in the presence of (from left): EDOTCO Services Lanka Associate Analyst Legal Sandamini Kavindri, Manager – Finance Harith Liyanagamage, Government Relations Officer Lalith Sapumaldeniya, Director – Business and Operations Nalaka Wijemanna, BOI Acting Executive Director – Legal Himali S. Urugodawatte, and Investment Appraisal Department Director K.K. Chamila Kumari

• Over next 30 months, EDOTCO will deploy 130 macro towers, 300 multi-purpose smart lamp poles and 650 energy sites

EDOTCO Services Lanka Ltd., has signed a $ 10 million investment agreement with the Board of Investment of Sri Lanka (BOI) to accelerate the expansion of the country’s shared digital infrastructure. 

Coinciding with its 10th anniversary in the country, the company said the investment reflects EDOTCO’s continued confidence in Sri Lanka’s long-term growth and digital future.

Over the next 30 months, EDOTCO will deploy 130 macro towers, 300 multi-purpose smart lamp poles, and 650 energy sites, significantly expanding Sri Lanka’s shared digital infrastructure. The rollout will accelerate network deployment, improve nationwide coverage, promote greater infrastructure sharing among mobile network operators (MNOs), and facilitate the growing demand for reliable, high-quality digital services. 

Building on its position as Sri Lanka’s first licensed Infrastructure Provider, EDOTCO is expanding beyond smart lamp poles and energy solutions into a broader portfolio of shared digital infrastructure. 

The licence enables the company to develop and operate macro towers, antenna structures, fibre and submarine cable infrastructure, in-building solutions, data centres, and active network solutions, strengthening its ability to support the country’s evolving digital needs. 

Together, the new BOI investment and EDOTCO’s expanded infrastructure capabilities position the company to play a greater role in delivering Sri Lanka’s Digital Economy Blueprint by accelerating infrastructure sharing, advancing next-generation connectivity, and enabling emerging technologies such as artificial intelligence (AI) and future digital services. 

Since commencing operations in July 2016, EDOTCO Sri Lanka has invested approximately $ 30 million in developing shared telecommunications infrastructure across the country. 

Over the past decade, the company has successfully deployed more than 950 smart lamp poles and nearly 800 energy sites, supporting improved network performance, operational resilience, and digital connectivity nationwide. Through long-term partnerships with all MNOs, Municipal Councils, and Government stakeholders, EDOTCO has helped expand shared infrastructure while creating employment opportunities and enabling local business throughout its value chain. 

EDOTCO Sri Lanka Country Managing Director Gayan Koralage said: Over the past 10 years, EDOTCO has earned the trust of our customers and partners by delivering reliable, shared infrastructure that supports Sri Lanka’s connectivity ambitions. Our next decade is about building digital infrastructure platforms that will enable future technologies, stronger economic growth, and greater digital inclusion. We appreciate the confidence placed in us by the BOI and look forward to working closely with Government, regulators, and industry partners to build the digital infrastructure that will underpin Sri Lanka’s next phase of economic and technological growth.”

BOI Chairman Duminda Hulangamuwa said: “This $ 10 million investment by EDOTCO Sri Lanka is an indication of the confidence in our nation’s digital economy. As EDOTCO marks a decade of operations in Sri Lanka, this agreement reflects the kind of long-term, forward-looking partnership we seek to attract, one that strengthens national connectivity, supports the goals of the Digital Economy Blueprint, and creates space for emerging technologies to take root. We look forward to working closely with EDOTCO as they deploy this new infrastructure and continue to invest in Sri Lanka’s future.”