Mobitel partners with Citibank | Sunday Observer

Mobitel partners with Citibank

 Exchange of the agreement between Sri Lanka Telecom and Mobitel Chairman P. G. Kumarasinghe Sirisena and Citibank the Citi Country Officer Ravin Basnayake. From left: Mobitel Senior General Manager Human Resources / Legal and Regulatory Affairs,Namal Ratnayake, Mobitel Chief Financial Officer Sudharshana Geeganage, Mobitel Chief Executive Officer Nalin Perera, Citibank Director, Head - Corporate and Investment Bank,  Kavinda de Zoysa and Mobitel Senior General Manager Engineering and Operations Rasantha He
Exchange of the agreement between Sri Lanka Telecom and Mobitel Chairman P. G. Kumarasinghe Sirisena and Citibank the Citi Country Officer Ravin Basnayake. From left: Mobitel Senior General Manager Human Resources / Legal and Regulatory Affairs,Namal Ratnayake, Mobitel Chief Financial Officer Sudharshana Geeganage, Mobitel Chief Executive Officer Nalin Perera, Citibank Director, Head - Corporate and Investment Bank, Kavinda de Zoysa and Mobitel Senior General Manager Engineering and Operations Rasantha Hettithanthrige look on.

Mobitel has embarked on the biggest and most significant 4.5G/4G-LTE Network expansion in Sri Lanka. This is the largest investment in network infrastructure funded through financing facilities of Citibank.

Mobitel will increase the country’s 4.5G/4G-LTE coverage, thereby strengthening its No.1 status for High-Speed Mobile Broadband in Sri Lanka, having already received the Globally-acclaimed Ookla® Speed Test Award for 2017 with similar investments. Mobitel was the first to commercially deploy 4.5G/4G+ in South Asia, and the network expansion will also include upgrades to keep Sri Lanka at the forefront of technology leadership by offering wider coverage of 4.5G/4G+, NB-IoT (Narrow Band Internet of Things) services.The CEO of Mobitel, Nalin Perera said, “4.5G will act as a bridge for the eventual adoption of the 5G standard, while bringing significant improvements to Mobitel’s existing 4G network by allowing them to handle more data-intensive applications such as HD Voice with MP3 level quality, Ultra HD Entertainment, Ultra Dense Sensor Networks, AR/VR based Advanced Gaming LTE based broadband trunking systems (LiTRA).”

Citi Country Officer Ravin Basnayake said, “We are pleased to partner Mobitel on their rapid network expansion drive.

We are honored to have had the opportunity to bring Citibank’s financial expertise to support Mobitel’s aspirations of achieving regional technology leadership position.

We look forward to working with Mobitel as they transform the industry.” 

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