RTEC Mobile Lanka, a privately owned telco is all set to launch itself as a GSM and SCDMA operator in the Sri Lankan telecommunication market. According to the Managing Director of RTEC Mobile Lanka B.A.C. Abeywardena, the telco will provide mobile (GSM) services and fixed phone with broadband internet services islandwide.
The service provider is expected to invest $100 million in the project initially. The firm has obtained TRC approval and planning to commence their operations within six months and intends a 100% coverage in two years.
The fixed phones will be manufactured in China according to designs provided by the company and the GSM equipment will also be imported from China. RTEC Mobile Lanka will set up 1000 base stations in the country and also expects to utilise the existing base stations to provide the service.
“We are confident that we could compete with the other players in the industry by providing our services for a cheaper rate with high quality. The company expects to price its call charges at least 25 per cent less than the cheapest call charges available in the market at the moment, he said.
“Maintaing minimum operational cost and using local expertise could help us to provide our services for a lesser price. We are planning to manufacture most of our equipment in the country”.
“We think this is the right time to enter into the market even with the current economic conditions. The whole world is facing an economic crisis and it will last for another one to two years. “This economic crises has resulted in price declines in construction goods and lessened competitiveness. It will create more opportunities for newcomers, he
Chairman/ Director General of the BoI Dhammika Perera presents
Managing Director of RTEC Mobile Lanka B.A.C. Abeywardena,
with the BoI Certificate of Registration.