Dialog Axiata Group Commits Further USD 100 Million to Expand Sri Lanka’s Digital Infrastructure

Photographed from left to right: Ms. Renuka Weerakone, Director General, Board of Investment of Sri Lanka; Mr. David Lau, Chairman, Dialog Axiata PLC; Mr. Vivek Sood, Group Chief Executive Officer and Managing Director, Axiata Group Berhad; Mr. Arjuna Herath, Chairman, Board of Investment of Sri Lanka; Mr. Supun Weerasinghe, Director/Group Chief Executive, Dialog Axiata PLC; and Ms. Viranthi Attygalle, Group Company Secretary, Dialog Axiata PLC.

Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider and a member of the Dialog Axiata Group – the country’s largest Foreign Direct Investor (FDI) operating under the guidance of the Board of Investment of Sri Lanka (BOI) – announced a USD 100 million investment to further strengthen Sri Lanka’s digital infrastructure. With cumulative investments now exceeding USD 3.37 billion, Dialog reaffirms its commitment to inclusive connectivity, superior service delivery, and advancing the nation’s digital future.

The investment comprises USD 81 million by Dialog Axiata PLC (DAP) and USD 19 million by Dialog Broadband Networks (Private) Limited (DBN), formalised through two Supplementary Agreements with the BOI. These funds will be channelled into enhancing Dialog’s mobile and fixed telecommunications networks, accelerating the adoption of next-generation technologies, and expanding digital platforms that underpin the country’s connectivity and service ecosystem. A key focus of the investment is the expansion of 4G services and the development of 5G infrastructure, with Dialog ready to enable commercial rollout of 5G services upon receipt of the necessary regulatory approvals.

The Supplementary Agreement for DAP was signed by Mr. David Lau, Chairman, Dialog Axiata PLC, and Mr. Supun Weerasinghe, Director/Group Chief Executive, Dialog Axiata PLC, while the Agreement for DBN was signed by Mr. Supun Weerasinghe and Ms. Viranthi Attygalle, Group Company Secretary, Dialog Axiata PLC. Mr. Arjuna Herath, Chairman of the Board of Investment of Sri Lanka, signed both agreements on behalf of the BOI. Also present at the signing were Ms. Renuka Weerakone, Director General, Board of Investment of Sri Lanka, and Mr. Vivek Sood, Group Chief Executive Officer and Managing Director, Axiata Group Berhad.

“Dialog continues to invest and expand its operations, which reflects strong prospects for the telecommunications industry and the country at large. We believe this planned expansion will not only enhance last-mile connectivity and rural coverage but also serve as a catalyst for further digital innovation—positively impacting both consumers and the economy” said Mr. Arjuna Herath, Chairman of the Board of Investment of Sri Lanka.

“This investment is a reaffirmation of Axiata’s deep-rooted confidence in Sri Lanka’s future,” said Mr. Vivek Sood, Group Chief Executive Officer and Managing Director, Axiata Group Berhad. “We are proud to continue enabling our operating companies to deliver world-class connectivity and look forward to allocation of commercial 5G spectrum to accelerate Sri Lanka’s digital economy.”

“Dialog’s long-standing presence in Sri Lanka reflects our unwavering commitment to building infrastructure that not only supports economic growth but also enhances the lives of millions,” said Mr. David Lau, Chairman, Dialog Axiata PLC. “This investment will ensure Dialog continues to play a leading role in shaping the country’s digital future.”

“We will continue investing in Sri Lanka’s digital journey, empowering individuals, enterprises, and communities through next-generation connectivity,” said Mr. Supun Weerasinghe, Director/Group Chief Executive, Dialog Axiata PLC. “This latest commitment strengthens our resolve to deliver inclusive, future-ready infrastructure that supports national progress and positions Sri Lanka for a connected tomorrow.”

Dialog Axiata is a subsidiary of Axiata Group Berhad—one of Asia’s leading telecommunications groups with operations spanning eight countries including Malaysia, Indonesia, Bangladesh, Cambodia, Sri Lanka, Singapore, and India. Backed by Axiata’s regional scale and technical expertise, Dialog continues to play a leading role in shaping Sri Lanka’s digital landscape through sustained investment and innovation.

This latest initiative further reflects Dialog’s unwavering dedication to powering the nation’s digital future—connecting communities, enabling economic opportunity, and fostering a more inclusive and technology-empowered society.