Sri Lanka to take 25% stake in Google Loon for high-speed Internet

Harin Fernando said the Sri Lanka government will buy a 25 per cent stake and a 10 per cent of the joint venture shares will be offered to the existing telephone service providers in the country. (Express Photo) Sri Lanka today said it would buy a 25 per cent stake in a joint venture with Google, to deliver a high-speed Internet service powered by balloons which will make the country first in the world to have universal internet access.
Telecommunications minister Harin Fernando said the tests