Airtel to launch $ 200 mn operation in Sri Lanka

Indian Telecom giant Bharti Airtel is looking to establish itself as a major player in the Island nation's mobile telephony space as it prepares to launch its USD 200 million operation here early next year.

Mobile penetration in Sri Lanka is pegged at around 30 per cent, with approximately 2 million mobile users being added each year.

"The Airtel philosophy is to stay beside the consumer and strive to find fresh and innovative ways to add value to their lives", CEO of Airtel Sri Lanka Amali Nanayakkara said in a statement.

Bharti Airtel Lanka Private Limited, a subsidiary of Bharti Airtel Limited, has already announced plans to launch 2G and 3G services in Sri Lanka by the end of the current financial year (2007-08).

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