Telekom to invest US$90mil more in Sri Lanka unit


COLOMBO: Telekom Malaysia Bhd said yesterday it would invest an additional US$90mil in Sri Lanka’s MTN Networks Ltd, its fully-owned subsidiary and the island’s largest mobile operator. 

The US$90mil brings Telekom's total investment to nearly US$200mil since it entered the Sri Lankan market in 1995, and is one of the biggest since the island began a peace process last year to end two decades of war with Tamil Tiger rebels. 

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