Agreement with the Bay of Bengal Gateway (BBG) Consortium
Tuesday, 30th April 2013
CORPORATE DISCLOSURE – AGREEMENT WITH THE BAY OF BENGAL GATEWAY (BBG) CONSORTIUM
We write to inform the CSE that Dialog has entered in to an agreement with the Bay of Bengal Gateway (BBG) Consortium to establish a Cable Landing Station in South Colombo to enable the landing of a submarine cable designed to deliver over 8 Terrabits-per-second of International Bandwidth to Sri Lanka.
Dialog will invest USD 30 Million in the new submarine cable, which in turn will deliver the single largest infusion of International Bandwidth to Sri Lanka. The project is expected to be fully commissioned by the end of 2014. Other investors in the BBG consortium include Telekom Malaysia Berhad (Malaysia), Vodafone Group (UK), Reliance Jio Infocomm Limited (India), Oman Telecommunications Company S.A.O.G (Oman) and Emirates Telecommunications Corporation (UAE).
The BBG submarine cable system, spanning approximately 8,000 km, will link Sri Lanka and the region (spanning from Singapore to Oman/UAE) to high capacity Internet hubs in Singapore and India and to onward submarine cable pipes to Europe and the USA. We have attached herewith a copy of the media release which will be disseminated in parallel with this notification.