Reliance bids for Sri Lankan GSM licence

Category: Reliance | No Comments | Posted on July 1, 2006

Reliance Communications has bid for a mobile licence in Sri Lanka to become its fifth GSM mobile operator.

Other bidders include Malaysia’s Maxis and Singapore’s SingTel.

Bids for the licence closed on Friday. Sri Lankan media quoted the country’s telecommunications regulatory commission (TRC) director general, Kanchana Ratwatte saying that the response has been good and over 10 companies showed interest in the licence before the deadline closed. TRC is slated to announce the winning bid in the next couple of days.

Sri Lanka had 3.3 million mobile phone users at the end of 2005, with a penetration rate of 17.3 %.

Source: ET

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