Etisalat’s Sri Lankan operation begins
www.WirelessFederation.com/news: After acquiring 100% stake in Tigo mobile firm, UAE operator Etisalat has launched its operations in Colombo, Sri Lanka, targeting 1 million customers by the end of the year. A subsidiary of Millicom International Cellular, Tigo was bought at an enterprise value of USD 207 million.
HSPA+ on the network is expected with a connectivity speed of 28 Mbps, on par with the company’s operations worldwide.
According to Etisalat Lanka CEO Dumindra Ratnayaka, within one year, the company will be rolling out 1,500 2G base stations and 500 3G base stations islandwide. Etisalat will be launching its coverage in Jaffna during the mini Infotel exhibitions scheduled to take place there on 26 February