Bharti Airtel infusing $200mn in Sri Lanka

Age : 20 Joined : 15 Mar 2008 Posts : 842

Bharti Airtel Lanka Pvt Ltd, arm of Bharti Airtel Ltd, on Aug 15, said that it would be infusing $200 million over the next two years for offering mobile services in Sri Lanka. The mobile services from Bharti Airtel will be unveiled under the Airtel brand in the Island nation. They are committed to offering world-class and affordable 2G and 3G services to customers in Sri Lanka. Bharti Airtel was recently awarded the licence to become the fifth mobile service provider in Sri Lanka. Dialog Telekom, a subsidiary of Telekom Malaysia, is the country’’s leading service provider. The other operators in the country are Mobitel, Celltel Lanka and Hutchison Telecommunications. The company had bid for licences in Qatar, Kenya and Kuwait. Bharti is also looking at developing countries in Africa and Asia to expand its footprint. The telecom major had expressed interest in acquiring stake in the national telecom operators of Gabon in Africa.