Hutch Lanka signs $115m 4G investment agreement

18 Feb 2019
00:00

Hutchison Telecommunications Lanka (Hutch Lanka) has signed an agreement with Sri Lanka's Board of Investments (BOI) to invest $115 million on the nationwide rollout of its 4G network.

Hutch recently launched 4G services in Sri Lanka's Western Province and has now commenced a nationwide rollout, the parties said in a statement.

The company will be the third 4G operator in Sri Lanka after Sri Lanka Telecom and Mobitel.

CK Hutchison subsidiary Hutch Lanka has been operating in the market for over two decades. The company recently merged with Etisalat Lanka and plans to operate under the new Hutch brand name.

Hutch CEO Thirukumar Nadarasa said the merger and the additional investment in 4G will be key to the company's ambitions of improving coverage and service quality.

“By integrating the two networks, the combined business will provide Sri Lankan customers with a major boost in both rural and urban network coverage and a renewed commitment in offering superior communication services to all customers,” he said.

“Hutch recently launched 4G services in the Western Province and nationwide roll-out has also begun. The Hutch 4G network will unleash incredible benefits and capabilities for all customers”

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