Friday 29 Mar 2024
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This article first appeared in The Edge Financial Daily on December 20, 2017

KUALA LUMPUR: Axiata Group Bhd said the group, via Dialog Axiata PLC, has invested more than US$2.2 billion (about RM8.96 billion) in Sri Lanka to spearhead the country’s telecommunications industry’s rapid development.

In a statement yesterday, mobile telecommunication network provider Axiata said Dialog is recognised as the single-largest foreign direct investment into Sri Lanka, and as one of the largest corporations there. The group is a long-term investor in Sri Lanka for over two decades, the statement read.

“Axiata and Dialog wish to record their utmost gratitude to the governments of Sri Lanka and Malaysia for assisting to resolve the issue of Dialog’s broadband network licence renewal, one of Dialog’s five main business licences, in the Sri Lankan telecommunications sector’s best interest.

“Axiata is truly grateful to our Prime Minister Datuk Seri Najib Razak, for his personal and active support in our international investments in general, and for helping to resolve the above issue,” Axiata said.
 

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