Dialog Axiata PLC operates Sri Lanka’s largest and fastest growing mobile telecommunications network and is also Sri Lanka’s largest Foreign Direct Investor (FDI) with investments totalling over USD2 billion. Dialog, a winner of six GSMA Mobile World Awards, has topped Sri Lanka’s Corporate Accountability rankings for the past six years in succession.
Dialog Axiata Plc
Sri Lanka’s economy has grown at an average of 6.4% between 2010 and 2015. Sri Lanka’s economy transitioned from a predominantly rural-based agriculture economy towards a more urbanised economy driven by services.
The country’s strong economic growth over the last decade has seen the population grow more affluent while poverty rates are steadily declining. Increasing wealth in the population has translated into healthy mobile subscriber growth. Although mobile penetration has historically been relatively low compared to more developed Asian markets, the rate is now catching up. Between 2011 and 2016, mobile penetration rate increased from 87% to 123%.