Sri Lanka Telecom (SLT), the National ICT Solutions Provider would build, operate and manage South Asia's first state-of-the-art Submarine Cable Depot in Magampura Mahinda Rajapaksa Port (MMRP) at Hambantota, making the country the first Submarine Cable Depot in the South Asian region.
SLT will operate the cable depot in Sri Lanka as a joint venture with IOCPL (Indian Ocean Cableship Pvt Ltd) which is a ship service provider for SEAIOCMA (South East Asia & Indian Ocean Cable Maintenance Agreement). This opportunity was realized as a result of a free port policy declaration and tax concessions offered by the Government for MMRP operations at Hambantota.
SEAIOCMA is the international consortium for maintaining the undersea cables. Sri Lanka is an important destination where multiple cable systems are already in operation passing the country.
Through this operation in the South Asian region, SLT believes in the possibility of bringing in foreign currency to strengthen the country's economy in the future.
MMRP at Hambantota has been selected to set up a submarine cable depot by the cable consortium with the participation of a number of countries and Sri Lanka will facilitate the cable maintenance ship berth and warehouse facility.
SLT recently announced its partnership of the new SEA-ME-WE 5 undersea submarine cable system expecting to increase by tenfold its international bandwidth capacity for the future requirements of the country as well as the South Asian region. With this global initiative, SLT will further strengthen its position as the only ICT solutions provider in the country having multiple global connectivity options with a gigantic bandwidth capacity that is adequate to cater to the requirements for more than 25 years ahead.
This project is in collaboration with the country's vision for the future to empower the ICT super highway, towards becoming the Wonder of Asia. The SEA-ME-WE 5 project which was commenced with the partnership of 15 global operators has designed a future-ready network that can initially supply more than 24 Terabits per second capability.
Considering the network design, the consortium has identified Sri Lanka to be the location; especially the southern part of Sri Lanka, as a strategic and most suitable location to terminate the cable in between Singapore and Europe (via Saudi Arabia).