By Hiran H.Senewiratne
Sri Lanka's premier mobile phone service provider and owner of the Pay TV network and Dialog Television, Dialog Axiata Plc, will invest US $ 125 million for all its expansion activities this year, the Group's Chief Executive Officer Hans Wijayasuriya said.
"We are quite optimistic about the way Sri Lanka's mobile communication sector is developing. Therefore, we are planning to invest in a big way in the future to give an experience on the latest technology for Sri Lankans, Dr Wijayasuriya told The Island Financial Review at the launch of Dialog's 7th Circuit home cinema platform for Sri Lankan producers. The event was held at the Dialog head office at Union Place, Colombo, last Thursday.
He said that US 125 million will be invested over this year for the expansion of the telecommunication, Pay TV network and Dialog TV sector. Further, the company has set a target to reach of one million Sri Lanka households through Dialog Pay TV this year, which market is now only 700,000 households, Dr Wijayasuriya said.
He also said that the recent VAT increase on telecommunication charges will come into operation from 1st of June. This would increase mobile charges but not in a significant way.
"Dialog Television is proud to partner the Sri Lanka film and theatre fraternity to present a new future and experience for the industry and viewers alike. Therefore, 7th Circuit will continue to present viewers exclusive premieres, live concerts and latest productions for the silver screen, including limited content from the world of theatre, which could be seen and aired only on Dialog Television, Wijayasuriya said at the launch.
He said that US 125 million will be invested over this year for the expansion of the telecommunication, Pay TV network and Dialog TV sector. Further, the company has set a target to reach of one million Sri Lanka households through Dialog Pay TV this year, which market is now only 700,000 households, Dr Wijayasuriya said.
He also said that the recent VAT increase on telecommunication charges will come into operation from 1st of June. This would increase mobile charges but not in a significant way.
"Dialog Television is proud to partner the Sri Lanka film and theatre fraternity to present a new future and experience for the industry and viewers alike. Therefore, 7th Circuit will continue to present viewers exclusive premieres, live concerts and latest productions for the silver screen, including limited content from the world of theatre, which could be seen and aired only on Dialog Television, Wijayasuriya said at the launch.
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