The $150 million agreement will see Sri Lanka’s leading mobile phone operator expand and upgrade its 3G and 4G networks.
“The investment agreements will encompass the expansion of the multi-faceted ICT infrastructures of the Dialog group,” the company said in a statement.
Dialog Axiata’s high speed broadband, fibre-optic, fixed-line and international telecommunications networks are expected to benefit from the investment.
The upgrade will reportedly be implemented over a period of three years, and follows news earlier this year that Dialog Axiata was successful in Sri Lanka’s 4G spectrum auction.
