"They are not so concerned about the bottom line," he told the ICT 2008 conference organised by LAWASIA, a professional association of representatives of bar councils, law associations, individual lawyers and law firms from the Asia-Pacific region.
"This is an endorsement of the fact that developing markets are about a large number of low income subscribers and therefore investors across the world encourage operators to build out fast and operate on a marginal free cash flow model so that more subscribes get more services which they use more and the cash flows will drive further investment and re-investment."
Wijayasuriya said Dialog Telekom, owned by Telekom Malaysia, itself was a good example of this model with a reinvestment ratio over the last few years of 140 percent of profits.
"This has been encouraged by not only the principal investor