Govt Raises Rs.10bn from First 5G Auction

The Government has raised about Rs. 10 billion through Sri Lanka’s first commercial 5G spectrum auction, with Dialog Axiata PLC and SLT-Mobitel securing licences in key frequency bands. Spectrum was allocated in the 3.5 GHz and 27 GHz ranges under a 10-year licence framework.

Officials say the auction clears the way for the rollout of 5G services, supporting advanced applications such as smart manufacturing, telemedicine and digital logistics. The process followed a clock-auction model aimed at ensuring transparency and fair pricing.

Authorities are also finalising infrastructure-sharing guidelines to speed up nationwide deployment and reduce costs. The auction is seen as a major step in advancing Sri Lanka’s digital economy strategy.

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