Reliance Communications makes Sri Lanka foray

Reliance Communications (RCom) in its effort to enter the Sri Lankan telecom market has formed a JV, named Reliance Mobile Lanka with a local firm, Electroteks which will begin GSM mobile services in Sri Lanka followed by other telecom services by this year.

RCom will reportedly invest Rs 1200 crore in the JV in the next three years to establish a next generation integrated network.

The new venture is expected to establish a network of about 5 million lines covering nearly 40 percent of the population.

Source:telecomtiger.com