20th November 2009, www.dailymirror.lk
A subsidiary of Sri Lanka Telecom (SLT) aims to attract US$12.8 million to provide broadband internet facilities using the latest Wimax technology with islandwide coverage.
In this respect, the Board of Investment of Sri Lanka granted investment approval for Sky Network to provide latest Wimax – wireless broadband services.
Sky Network is an investment of US $ 12.8 million for the first two phases. The venture will provide broadband internet facilities using the latest Wimax technology Wimax 802.16e. The company expects to provide coverage to the entire island in four implementation phases.
CEO Mahinda Herath stated that the company is the first to provide Wimax 802.16e services in Sri Lanka.
Sky Network is a subsidiary of SLT, with SLT being the major shareholder of the company. The venture is a complementary business to SLT. Sky Network will be providing the Wimax services to parts of the country where ADSL services are not offered by SLT. The venture will commence operations in March 2010 and will provide services to Colombo, Gampaha and Kalutara Districts in Phase 1. Herath stated that the venture expects to have a customer base of 11000 Wimax customers under Phase 1.
BOI Chairman/Director General Dhammika Perera signed the agreement on behalf of the BOI and formally presented the BOI Certificate of Registration to SLT Chairperson Leisha De Silva Chandrasena.
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