The partnership is targeting multinational companies who may require private IP (Internet protocol) network capabilities.

Sri Lanka is the 16th stop for Verizon in the Asia Pacific region. The partnership will enable Verizon to tap into Sri Lanka's vibrant economy, particularly where business process outsourcing and other key industries thrive, and are expected to grow rapidly over the next decade.

Yali Liu, director of network planning and engineering, Verizon, said Sri Lanka is an "increasingly important market" for Verizon because of its global enterprise customers. "Our agreement with Dialog Axiata enables our customers to use Private IP services for their business needs in Sri Lanka," Liu added.

The partnership will offer to the global enterprise market a technology called packet-optical transport platform (P-OTP). Verizon said the technology is "a robust and economical platform that integrates a combination of connection modes, enabling Verizon to create the manageable and scalable capabilities required to support the growing demand of packet-based services."