SLT signs deal with BOI to install equipment in 157 sites

Granting approval to install telecommunication equipment in 157 sites, the Board of Investment (BOI) signed an agreement with the national communication service provider, Sri Lanka Telecom (SLT) recently.

This approval was also permitted by the Telecommunication Regulatory Commission of Sri Lanka (TRCSL).

On behalf of the BOI, Board Chairman Mangala Yapa signed the agreement and Sri Lanka Telecom PLC Chairman P.G. Kumarasinghe Sirisena, along with SLT Company Secretary Mahesh Athukorala signed on behalf of SLT.

Sri Lanka Telecom PLC Chairman P.G. Kumarasinghe Sirisena said: “Facilitating the smart Sri Lanka initiatives and developing the digital economy of the country, during the recent past our group of companies invested nearly Rs.150 billion in national digital infrastructure developments. We are now digitalising the company with the intention of better service to the nation.

I believe we are the only company in Sri Lanka investing over Rs.17 billion in human capital annually to build a loyal, smart workforce with high productivity and quality. As the most successful business venture under the privatisation programme, during the year 2018 alone, our company contributed Rs.35 billion to the government by way of dividends and taxes despite high investments.”

By the signing of this supplementary agreement with BOI, SLT will further expand its investment. In fact, SLT had been formally recognised as a success story at the BOI’S 40th anniversary celebrations held last year.