RTEC: 6th Mobile Teleco in Sri Lanka

Posted on December 30th, 2008 at 11:26 am

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Do you know that Telecommunication Regulatory Commission (TRC) has given the approval to yet another mobile telecom service provider in Sri Lanka? Read more details in Daily News.

RTEC Mobile Lanka (Private) Limited will be the 6th GSM and CDMA network provider in the Sri Lanka. According to the above article, it is a very interesting strategy they have on investment. RTEC says…

“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 crisis has resulted in price declines in construction goods and lessened competitiveness. It will create more opportunities for newcomers”.

That’s the way to go. That is an interesting approach if you have enough money to invest.

Lets see how much RTEC can stick to their timelines unlike Airtel whose launch is always postponed.