BR100 Increased By (0.81%)
BR30 Increased By (1.07%)
KSE100 Increased By (0.57%)
KSE30 Increased By (0.59%)
BECO 6.05 Increased By ▲ 0.28 (4.85%)
BML 53.06 Increased By ▲ 0.06 (0.11%)
BOP 34.36 Increased By ▲ 0.37 (1.09%)
CNERGY 8.12 Increased By ▲ 0.01 (0.12%)
DCL 12.35 Increased By ▲ 0.15 (1.23%)
FCCL 53.60 Increased By ▲ 0.77 (1.46%)
FCSC 5.25 Increased By ▲ 0.18 (3.55%)
FFL 18.07 Increased By ▲ 0.12 (0.67%)
FNEL 1.30 Increased By ▲ 0.01 (0.78%)
HUMNL 10.85 Decreased By ▼ -0.03 (-0.28%)
KEL 8.15 Increased By ▲ 0.13 (1.62%)
KOSM 5.53 Increased By ▲ 0.01 (0.18%)
MLCF 87.60 Increased By ▲ 1.09 (1.26%)
NBP 186.91 Increased By ▲ 1.75 (0.95%)
PACE 10.75 Increased By ▲ 0.17 (1.61%)
PAEL 39.95 Increased By ▲ 0.53 (1.34%)
PIAHCLA 26.14 Decreased By ▼ -0.08 (-0.31%)
PIBTL 17.12 Increased By ▲ 0.45 (2.7%)
PPL 229.66 Increased By ▲ 1.48 (0.65%)
PRL 34.89 Increased By ▲ 0.21 (0.61%)
PTC 67.62 Increased By ▲ 2.29 (3.51%)
SEARL 91.30 Increased By ▲ 1.17 (1.3%)
SSGC 26.90 Increased By ▲ 0.30 (1.13%)
TELE 8.72 Increased By ▲ 0.44 (5.31%)
THCCL 59.00 Increased By ▲ 0.50 (0.85%)
TPLP 8.73 Increased By ▲ 0.51 (6.2%)
TREET 24.71 Increased By ▲ 0.18 (0.73%)
TRG 70.05 Increased By ▲ 0.34 (0.49%)
WAVES 10.04 Increased By ▲ 0.10 (1.01%)
WTL 1.29 Increased By ▲ 0.01 (0.78%)
World

Sri Lanka set to amend decades-old law to pave Starlink entry

Published July 8, 2024 Updated July 8, 2024 05:26pm
Photo: Reuters
Photo: Reuters
By

COLOMBO: Sri Lanka’s parliament will vote this week to change a law to allow Elon Musk’s Starlink, the satellite unit of SpaceX, to set up operations in the South Asian island nation, a Sri Lankan minister told Reuters on Monday.

Under the new telecommunications bill, once it is passed in parliament, Sri Lanka will introduce a new license category that will allow Starlink to enter the country’s telecommunications space as a licensed service provider, said Kanaka Herath, the state minister of technology.

“This is the first time in 28 years we are amending the Telecommunications Act,” he said by phone.

“The change will enable issuing of three new types of licenses, one of which will allow Starlink to have a license to provide internet connectivity.”

The legislation will be submitted to parliament on Tuesday with a vote likely later the same day.

Sri Lanka to save $5bn from bilateral debt deal

Starlink approached Sri Lanka in March with a proposal to set up operations, Herath said. Sri Lanka granted Starlink preliminary approval in June after fast-tracking the process.

Starlink will have to pay a tariff for the license, which will be issued by the country’s telecommunications regulator, Herath said, declining to provide details of the payment.

“There are lots of challenges to constructing telecom towers but Starlink can increase internet access faster, particularly in rural areas and support economic growth,” he said.

Comments

Comments are closed for this article.