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Bharti to launch telecom service in Sri Lanka

Leading telecom company Bharti Airtel says it will launch its mobile services in Sri Lanka with an investment of $200 million over the next five years.

business Updated: Aug 15, 2007 16:12 IST

IANS
Hindustantimes
         

Leading telecom company Bharti Airtel on Wednesday said it will launch its mobile services in Sri Lanka with an investment of $200 million over the next five years.

The service will be launched through a subsidiary, Bharti Airtel Lanka Pvt Ltd, and include 2G and 3G services to be commissioned by the end of this fiscal, a statement issued by the company said.

"With mobile penetration of around 30 per cent and growing at the rate of nearly 2 million mobile users per annum, we are excited about our entry into this market," said Sanjay Kapoor, president of Bharti's mobile services.

Bharti Airtel was recently awarded the license to provide 2G and 3G mobile services in Sri Lanka and will operate there under its Airtel brand.

First Published: Aug 15, 2007 16:08 IST