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Rs. 5 Billion Investment For Mobitel Next Phase Expansion

Submitted by osandacm on Thu, 06/02/2022 - 15:06

The Board of Directors of Sri Lanka Telecom PLC has decided to invest Rs.5 Billion in equity of Mobitel (Pvt) Ltd, a wholly owned subsidiary of Sri Lanka Telecom PLC.

This investment which will be on staggered basis and is expected to be made within a period of 06 months.

Funds of this investment will be used by Mobitel (Pvt) Ltd for expansion plans in terms of coverage, capacity and Network Modernization.

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