All Or Nothing

Sri Lanka Telecom has made an official pitch to take up a controlling stake in the third fixed line operator Lanka Bell.
Lanka Bell, which uses wireless local loop technologies, has been on the hunt for a technical partner after its total debts were wiped off under a comprehensive debt-restructuring programme in April.rn

rnThe debt forgiveness initiative, saw Lanka Bells creditors waive off all accrued interest totalling US$ 25.6 mn.rn

rnldblquote We are talking to Lanka Bell, but we told them that we want a controlling stake,
dblquote SLT Chairman Thilanga Sumathipala told Lanka Business Online.rn

rnHe said SLTs interest in Lanka Bell stems from its wireless technologies and 44,000 odd customer base.rn

rnLanka Bell has also sold its systems to a few key corporates and its customer service is ahead of SLTs at present.rn

rnldblquote We want to have a combination of wireline, cellular and wireless technologies to expand our market share, to become the biggest telecom operator. Sometimes we are