Starlink’s high speed internet available in Sri Lanka says Elon Musk
EconomyNext: Sri Lanka has now access to Starlink’s high-speed, low-latency internet. Elon Musk, billionaire head of SpaceX and Tesla said in his X social media platform.
“Starlink’s high-speed, low-latency internet is now available in Sri Lanka!”, Musk tweeted in his verified X account.
Sri Lanka started discussions with Starlink under the previous government headed by Ranil Wickremesinghe.
Sri Lanka’s telecommunication regulator last year granted a telecommunications service provider license to a locally incorporated firm of Starlink satellite system founded by Musk. The island nation has already amended its Telecommunications Regulatory Commission (TRC) Act to accommodate the Starlink satellite system.
Sri Lanka initiated the move after former President Wickremesinghe met Musk on the sidelines of the 10th World Water Forum in Indonesia three months ago.
The collaboration with Starlink is expected to provide internet facilities via satellite technology, marking a significant transformation in the technology sector with a fast internet service.
OSL take:
Sri Lanka’s ongoing economic activities and the predicted overall economic expansion in line with achieving regional hub status has made it important for the country to be on par with the fast-evolving global standards in many key economic areas. Some of the key economic areas facing fast-evolution are the ICT and digital infrastructure development sectors that are key to a business destination. While Sri Lanka’s geographical positioning in the Indian Ocean, the strong trade ties enjoyed with many foreign countries and the growing business conducive environment in the country have added to the country’s growth as a business destination in the South Asian region, all these factors have opened a host of business/investment opportunities for foreign businesses/investors. Starlink’s entrance into Sri Lanka and the growth and profits recorded by businesses engaged in the ICT and digital infrastructure development sectors are clear indications of Sri Lanka’s growing digital and ICT industry as well as its increasing business potential. Given that Sri Lanka is in the process of transforming the country into an e-economy, foreign businesses/investors could explore the growing and revolving business/investment opportunities in Sri Lanka’s ICT and digital infrastructure development sectors.
| Article Code : | VBS/AT/20250704/Z_5 |