Sri Lanka has made major progress in its IoT (Internet of Things) ventures according to www.wiseguyreports.com. According to the report, in 2018 the Board of Investment of Sri Lanka will invest in network expansion and upgrades work on 4G mobile and fixed broadband services.
Growth in mobile broadband penetration is observed in Srilanka over the last five years. The report says that in contrast, fixed broadband penetration in Sri Lanka remains very low mainly due to the dominance of the mobile platform and the declining number of fixed lines is limiting the widespread development of fixed broadband. However, strong growth is expected to continue over the next five years until 2023.