Broad Growth

Ishara S. Kodikara | AFP | Getty Images Sri Lanka Prime Minister Ranil Wickremesinghe, center, speaks to supporters at the prime minister's official residence in Colombo on December 16, 2018, after he was reappointed as prime minister by Sri Lanka's president, the same man who fired him from the job nearly two months ago.

Nov 05, 2010 (LBO) – Sri Lanka Telecom, the island’s largest fixed access provider, said fixed broadband users grew 40 percent to over 200,000 by the September 2010 quarter from a year earlier. SLT, a majority state-controlled firm which is 44 percent owned by Malaysia’s UT group, has Sri Lanka’s only wireline network.

SLT said fixed wire line users grew by 20,000 due to strong demand for (Asymmetric Digital Subscriber Line) data connections, the telco said in a statement.

According to central bank data there were 869,160 wireline users by end-September 2009. By the second quarter of 2010 it had risen to 879,690.

SLT’s fixed wireless customers using CDMA (code division multiple access) technology dropped by 17,000 in the quarter, from a year earlier.

Average revenue per user for fixed voice lines had also dropped owing to “migration from fixed to mobile voice,” the telco said.

Profits and revenues of its mobile unit had increased, the statement said.