Sri Lanka tower tax to oust major foreign investors - industry

Thursday 7 December 2017 | 09:44 CET | News
The implementation of a new tax on cellular towers in Sri Lanka could result in the possible exit of the major foreign investors from the local telecoms market, Daily Mirror reports, citing industry sources. The proposed levy reaches LKR 200,000 per month, payable by mobile operators. In a joint statement, Sri Lanka's mobile telecommunication industry representatives claim that over the past two decades the domestic telecom sector has been the major contributor in terms of realized foreign direct investment (FDI) to the country. "Implementation of the proposed levy on towers would result in

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Categories: Mobile & Wireless
Countries: Sri Lanka
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