Dialog Broadband Acquires Sky TV, Gains 2.3GHz LTE Spectrum

in News, Dialog, LTE
Dialog

Sri Lanka’s Dialog Broadband Networks, a subsidiary of Dialog Axiata, has gained additional 2.3GHz spectrum with acquisition of Sky. Sky is a licensed Pay Television Operator in Sri Lanka and is currently in possession of spectrum resources in the 2.3GHz spectrum band, assigned to Sky by the Telecommunications Regulatory Commission of Sri Lanka (“TRCSL”) for the provision of Pay Television Services.

DBN’s Fixed LTE service, launched in December 2012, is based on a 15MHz allocation within the  2.3GHz spectrum band. The enhanced spectrum resource will also enable DBN to enhance its Fixed 4G-LTE services in terms of capacity, burst speeds and bandwidth.

The company had entered in to a Share Purchase Agreement of Sky Television and Radio Network (“Sky”) for the acquisition of 100% of the ordinary shares in issue of Sky at a consideration of Rupees 800 Million. 

The TRCSL has also granted approval for the redeployment of the afore-referenced spectrum for the purpose of expanding the broadband services delivered via LTE technology.

DBN launched LTE service in December 2012 in the city of Colombo and has since expanded to the cities of Kandy, Jaffna and Galle.

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