Axiata and Dialog Welcome Governmental Support on Resolution of Broadband Network License in Sri Lanka
Kuala Lumpur, 19 December 2017 – As a long term investor in Sri Lanka for over two decades, Axiata Group Berhad (“Axiata”) through its subsidiary, Dialog Axiata PLC (“Dialog”) have been making significant investments to spearhead the rapid development of the Sri Lankan telecommunications industry.
With over USD2.2 billion cumulative investments, Dialog is recognised as the single largest FDI into Sri Lanka, and as one of the largest corporations in the country.
Axiata and Dialog wish to record their utmost gratitude to both the Government of Sri Lanka and the Government of Malaysia for assisting to resolve the issue of Dialog’s broadband network license renewal, one of Dialog’s five main business licenses, for the best interest of Sri Lanka’s telecommunications sector.
Axiata is truly grateful to our Prime Minister, YAB Dato Sri Mohd. Najib bin Tun Abdul Razak, for his personal and active support of our international investments in general, and, for helping to resolve the above issue.
As one of the largest Asian telecommunications companies, Axiata today operates in ten countries, servicing over 320 million subscribers. With a diverse portfolio in mobile network operations, communications infrastructure services and digital services, the Group pieces together the best in innovation, connectivity, and talent in its vision of Advancing Asia.
Axiata has controlling stakes in market leading mobile operators in South East Asia and South Asia. Axiata Group of companies operate under the brand name of ‘Celcom’ in Malaysia, ‘XL’ in Indonesia, ‘Dialog’ in Sri Lanka, ‘Robi’ in Bangladesh, ‘Smart’ in Cambodia and 'Ncell' in Nepal. Further to this, the Group also holds strategic interests in ‘Idea’ in India and ‘M1’ in Singapore.
edotco, the Group’s integrated infrastructure services company, operates in six countries to deliver telecommunications infrastructure services, operating a portfolio of over 25,000 towers (operated and managed) across 5 countries. It aims to be one of the top regional telecommunications tower companies and is committed to responsible and sustainable business operations.
Axiata Digital (“AD”), its digital services arm, captures the rapid growth in internet-based businesses through its portfolio of 24 digital brands, servicing growing demands in mobile money, mobile advertising, e-commerce, entertainment and education.
As a committed and long-term investor, Axiata provides employment to 25,000 people within its operations. In line with its sustainability goals, the Group actively supports and drives young talent development; disaster response and recovery; as well as green initiatives.