By The Ministry of Finance, Economic Stabilization, and National Policy has selected China’s Gotune International Investment Holdings and India’s Jio Platform as the pre-qualified competitive companies to purchase shares of 50.23% owned by the government in Sri Lanka Telecom.
Informed sources hold the opinion that the Indian Jio platform, owned by business tycoon Mukesh Ambani, has a better chance due to its strong profile
Jio Platform Company’s assets are currently around 107 billion US dollars.
The International Finance Corporation, affiliated with the World Bank, acts as the special advisory body for the sale of government-owned shares in Sri Lanka Telecom.
The SLT Group released its financial results for the third quarter ending September 30, 2023, presenting moderate growth. The company reported revenue of LKR 17,490 Mn with a growth rate of 3.7%.
