Sri Lanka raises LKR 10 billion in 5G spectrum auction

Sri Lanka’s telecom regulator has completed its 5G spectrum auction, raising about LKR 10 billion for the government. The sale was run by the Telecommunications Regulatory Commission of Sri Lanka (TRCSL) as part of the country’s push to allocate airwaves for next-generation mobile services.

Details on which operators secured spectrum blocks, exact frequencies awarded, and rollout timelines were not disclosed in the excerpt, but the outcome signals a step toward commercial 5G deployment and adds new revenue to the state budget.