Mobitel sets target of one million subscribers

10 Apr 2006

Sri Lankan cellco Mobitel hopes to double its subscriber base by the end of the year, as well as commence test runs for 3G next month. Mobitel – owned by dominant fixed line operator Sri Lanka Telecom – is on target to complete a USD150 million GSM network expansion this year that will see the number of base stations jump from 420 to 675, providing coverage of 90% of the island’s populated areas. ‘With the network in place, we want to double subscriber growth to a million customers during this financial year, from the 500,000 subscribers we have now,’ CEO Suren Amarasekera told reporters. Amarasekera said Mobitel made a LKR1.3 billion (USD12.3 million) loss on revenue of LKR3.6 billion for the year ended 2005, but declined to give future forecasts.

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