Sri Lanka Telecom Companies (2024 - 2029)

Sri Lanka Telecom Market Companies Summary

Major telecommunications corporations in Sri Lanka are expected to see significant growth in the coming years. These firms have been instrumental in driving innovation in the sector through consistent investments in research and development. Several of these companies have also been involved in the development and trial of 5G services, indicating a future shift from 3G and 4G networks to 5G. Moreover, these companies are also expanding their network capacity through fiber and wireless deployments, providing customers with high-speed connectivity services. Several key players in the telecom market are collaborating with government authorities to expand wireless broadband connections across the country. This is particularly important in the context of the COVID-19 pandemic, which has necessitated a shift from offline to online modes of education. To address connectivity issues in rural areas, telecom firms have initiated projects to deliver broadband coverage throughout the country. Additionally, these corporations are also focusing on the deployment of next-generation fiber optic cable systems that support 5G wireless broadband services. Furthermore, the rising demand for OTT services has led these companies to partner with digital media entertainment firms to provide high-quality video streaming services.