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NewsSri Lanka's Dialog Axiata wins 4G spectrum for $25m - official
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Sri Lanka's Dialog Axiata wins 4G spectrum for $25m - official
by Cals Fri 29 Mar 2013, 02:32
Sri Lanka's Dialog Axiata wins 4G spectrum for $25m - official
Business & Markets 2013
Written by Reuters
Thursday, 28 March 2013 18:45
A + / A - / Reset
COLOMBO (March 28): Sri Lanka's top mobile phone operator Dialog Axiata will roll out the country's first mobile 4G LTE network, sealing the deal with a 3.2 billion Sri Lanka rupees ($25.22 million) bid at auction, authorities said on Thursday.
The Telecommunications Regulatory Commission (TRC), which auctioned its mobile 4G LTE spectrum at a base price of 800 million rupees, said the subsidiary of Malaysia's Axiata had beaten two local rivals.
"We have auctioned 10Mh band in the 1,800 spectrum and the highest bidder was Dialog," said TRC Director General Anusha Palpita.
Dialog dominates the local telecoms market, accounting for 55 percent of revenue market share. ($1 = 126.8750 Sri Lanka rupees)
Business & Markets 2013
Written by Reuters
Thursday, 28 March 2013 18:45
A + / A - / Reset
COLOMBO (March 28): Sri Lanka's top mobile phone operator Dialog Axiata will roll out the country's first mobile 4G LTE network, sealing the deal with a 3.2 billion Sri Lanka rupees ($25.22 million) bid at auction, authorities said on Thursday.
The Telecommunications Regulatory Commission (TRC), which auctioned its mobile 4G LTE spectrum at a base price of 800 million rupees, said the subsidiary of Malaysia's Axiata had beaten two local rivals.
"We have auctioned 10Mh band in the 1,800 spectrum and the highest bidder was Dialog," said TRC Director General Anusha Palpita.
Dialog dominates the local telecoms market, accounting for 55 percent of revenue market share. ($1 = 126.8750 Sri Lanka rupees)
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