Emergency Call?

Top regional telcos are showing a keen interest in acquiring a controlling stake in Sri Lanka Telecom (SLT) have been joined by two local conglomerates but government is unlikely to make any decision on a sale till elections are over. Top regional telcos are showing a keen interest in acquiring a controlling stake in Sri Lanka Telecom (SLT) have been joined by two local conglomerates but government is unlikely to make any decision on a sale till elections are over. A team from Singapore Telecom (SingTel) was in the island a couple of months ago and met both SLT and government officials while Indian long distance operator VSNL has also shown interest.

The Finance Minister who will have to recommend to cabinet any plans to sell its stake in SLT told LBR they are studying the proposals but refused to give further details.

Incumbent fixed and mobile operator Sri Lanka telecom has already received a number of delegations from South Asian operators according to its CEO, Shuhei Anan.

NTT appointed CEO Anan however, did not reveal the identities of the parties that have contacted the SLT management to have a close look at the company’s operations.

He however admits more than one party has met SLT management.

Mr. Anan