Sri Lanka stands on the cusp of a telecommunications revolution, heralded by recent progressive reforms spearheaded by the Telecommunications Regulatory Commission of Sri Lanka (TRCSL). These reforms, facilitated by amendments to the Sri Telecommunications Act No.25 of 1991, mark a significant leap forward in elevating the country’s telecom landscape and aligning it with global standards.
The latest amendments expand licensed categories to include infrastructure, enabling the establishment of tower companies and neutral host networks. This is not merely a regulatory change; it is a strategic move poised to transform the nation’s digital infrastructure. As a key player in the telecom infrastructure industry, EDOTCO Services Lanka (Private) Limited (EDOTCO Sri Lanka) commends the TRCSL for its visionary leadership in driving these changes.
During a recent courtesy visit, EDOTCO Sri Lanka’s Country Managing Director, Mr. Gayan Koralage, lauded the Director General of TRCSL, Mr. Madhushanka Dissanayake, for his pivotal role in these reforms. The amendment also replaces outdated regulations that have been in place for nearly three decades, paving the way for a contemporary and efficient telecommunications system. This modern regulatory framework is a testament to Sri Lanka’s commitment to embracing technological advancements and fostering an environment conducive to growth and innovation.
Sri Lanka’s broader economic recovery strategy, which includes attracting foreign direct investments (FDIs) as part of the International Monetary Fund (IMF) relief program, finds a robust ally in these reforms. The liberalization of the telecom sector is anticipated to draw global investors, bringing in much-needed capital and expertise. This influx is not only crucial for developing the island’s digital infrastructure but also for catalysing overall economic growth and recovery.
Mr. Gayan Koralage, Country Managing Director, EDOTCO Sri Lanka, said, “The legislative and regulatory shift towards introducing tower companies and neutral host networks as integral components of the telecommunications industry is a substantial step towards fostering a more competitive and dynamic sector in Sri Lanka. By allowing multiple operators to share infrastructure, consumers will benefit from reduced costs, improved service quality, and expanded network coverage. This is particularly vital in a geographically diverse landscape like Sri Lanka, where maintaining consistent and reliable connectivity across both urban and rural areas is challenging.”
Mr. Madhushanka Dissanayake, the Director General of TRCSL, added, “The timing of this development is crucial as Sri Lanka prepares to host its first 5G Summit on August 7th in Colombo. The summit will serve as a platform for industry leaders and experts to discuss various 5G commercial models across the Asia-Pacific region. Key topics will include strategies to reduce the ‘cost per GB’ and ways to fuel the digital economy. With these new regulations, Sri Lanka is well-positioned to become a hub for technological innovation and digital transformation in the region.”
In conclusion, the TRCSL’s progressive reforms mark a pivotal turning point for Sri Lanka’s telecommunications sector. By adopting modern regulations that foster investment, the country is poised to enhance its connectivity infrastructure, drive economic growth, and secure a prosperous future in the digital age.