Laqshya Media bags Colombo' airport ad rights concessionaire

Outdoor media company Laqshya Media has taken over Vertigo Lanka, which has been the airport advertisement rights concessionaire for the Colombo's Bandaranaike International Airport since 2002. Vertigo had renewed its contract for an additional five years in the year 2005, so as, Laqshya will function as the airport's advertisement rights concessionaire till 2010.
Bandaranaike International Airport is located in Katunayake, 35 km north of Colombo. It is administered by Airport and Aviation Services (Sri Lanka) Ltd and is the hub of Sri Lankan Airlines, the national carrier of Sri Lanka.
Laqshya is the only Indian OOH company to have attracted private equity investment from UTI Venture funds for $10 million in 2006. Earlier, through its 100 per cent subsidiary Right Angle Media FZ LLC, Laqshya Media also won the contract of constructing 800 AC bus shelters in Dubai on a built operate transfer (BOT) basis.
18/07/07 Televisionpoint.com

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Categories: Airports Jul 2007, Foreign Jul 2007