Business · Sri Lanka Bureau
Edotco to invest USD 10 million in Sri Lanka telecom infrastructure expansion
Malaysian telecommunications infrastructure firm Edotco has secured Board of Investment approval for a USD 10 million investment programme to bolster digital connectivity across Sri Lanka. The capital injection is expected to significantly enhance the island's telecommunications network capacity.
LSN Sri Lanka ·
Edotco Group, a leading Asia-Pacific provider of telecommunications infrastructure services, has sealed an investment deal with Sri Lanka's Board of Investment (BOI) worth USD 10 million to accelerate digital infrastructure development on the island.
The investment commitment reflects Edotco's confidence in Sri Lanka's telecommunications sector and its growth potential. The funds are earmarked for expanding and upgrading critical network infrastructure that supports mobile connectivity and broadband services across the country.
As a specialist in tower and telecommunications infrastructure, Edotco operates across multiple Asian markets and manages thousands of sites regionally. The Sri Lankan investment aligns with broader regional expansion plans and comes as demand for digital services continues to surge throughout South Asia.
The BOI approval signals continued government backing for foreign investment in the telecommunications and digital infrastructure sectors, viewed as critical to the nation's economic development and digital transformation agenda. Industry observers note that infrastructure investments of this scale are essential to bridge connectivity gaps in underserved areas and support Sri Lanka's competitive positioning in the regional digital economy.