Telecommunications infrastructure manager Edotco has finalized a $10 million investment deal with Sri Lanka’s Board of Investment (BOI) to significantly expand and modernize the country’s digital communications network.
Key Highlights
- $10 Million Deal: Direct foreign investment agreement signed with Sri Lanka’s Board of Investment.
- Tower Expansion: Capital allocated toward building and upgrading shared telecommunications towers.
- Enhanced Connectivity: Designed to strengthen 4G and 5G network readiness across both urban and rural areas.
The strategic investment aims to accelerate the rollout of shared mobile infrastructure, allowing telecommunication operators to expand their coverage efficiently while reducing capital expenditure. The move is expected to improve broadband accessibility, support Sri Lanka’s ongoing digital economy initiatives, and bridge the digital divide in underserved regions across the nation.