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SLT is announcing international direct dialing rate cuts of up to 25 percent, as the government finalises plans to offer an unlimited number of international gateway licenses.
The dominant carrier also reported a 28 percent rise in profits for the last financial year slightly lower than analyst expectations.rn

rnSri Lanka Telecom reported a group net profit of Rs. 2.6 bn up from Rs. 2.1 bn in 2001.rn

rnRevenues were up fifteen percent to Rs. 25.4 bn.rn

rnSLT plans to cut international call rates by 25% to markets including Hong Kong, Japan and Indonesia. Most middle-eastern countries will see call charge reductions of between 15% and 20%.rn

rnCall charges to neighboring India will come down by 6 to 15%.rn

rnSLT says the IDD rate cuts will be for an initial period of 3 months.rn

rnAnalysts expect some of the new external gateway operators to be in operation by this time.rn

rnAlthough SLT lost its monopoly for international voice traffic in August last year, other operators could not enter