SLTL Community

batman111
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Re: SLTL Community

Postby batman111 » Thu Mar 02, 2017 8:54 am

SLT Group rings healthy 28.6% growth in profits to Rs. 4.8 b

Sri Lanka Telecom Plc announced yesterday a healthy 28.6% growth in Group net profit to Rs. 4.8 billion and a revenue increase of 8.5% to Rs. 73.8 billion, driven by both the Fixed ICT and Mobile segments. Untitled-1

SLT said the decision to make continuous investments in data and broadband-related products, providing superior experience in quality and speed at competitive rates, is reflected in the revenue increase.

Group operating costs rose by 11.7% as a result of the increased government tax levies, ITL (International Telecommunications Levy) rate by $ 0.03 and due to the damages caused to equipment and infrastructure by floods affecting several provinces. Despite the cost escalations, the group reported an EBITDA of Rs. 20.2 billion during the year, with a year-on-year growth of 1%. The group EBITDA margin was reported at 27.4%. Along with the improvements in revenue growth, the lower impact of foreign exchange rate variations has positively impacted the Net Profit growth of the group.

Group Chairman Kumarasinghe Sirisena was of the view that the strategic and business decisions that are being made focusing on the group perception as a whole and aligning the group’s goals with that of the Government’s vision to become an ICT-enabled country will further strengthen and drive the growth of the group in the coming year.

The holding company, Sri Lanka Telecom Plc, reported a Net Profit of Rs. 1.7 billion during 2016, maintaining the same level as last year. Company revenue was reported at Rs. 43.1 billion with a 6.3% increase in comparison to the previous year.

SLT Group Chief Executive Officer Dileepa Wijesundera noted that despite various challenges in the industry and the market, each individual within the group was able to make a tremendous contribution and thus achieve sustainable growth overall.

Further, the group is now geared to offer an even better experience to its customers in 2017 with an extensive product portfolio including OTT and IoT based on the super-fast fiber optic network

See more at: http://www.ft.lk/article/600793/SLT-Gro ... xntxr.dpuf
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Re: SLTL Community

Postby SHARK » Fri Jul 28, 2017 8:17 am

i think we should closely watch on telcos...... and slt might see some gains in coming quarters from 2018
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ruwa
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Re: SLTL Community

Postby ruwa » Sat Jul 29, 2017 3:04 pm

Sri Lanka Telecom sets up unit to manage cable depot

ECONOMYNEXT - Sri Lanka Telecom (SLT) has announced it has set up a new company in a joint venture with Singapore’s Indian Ocean Cableship Pte. Ltd. to manage a planned submarine cable depot in Galle.

A stock exchange filing said SLT has got Board of Investment approval for the Rs314 million project.

The new company, called Galle Submarine Cable Depot (Pvt) Ltd., will build and manage a cable depot in Galle. 

The incorporation of the company came after a joint venture agreement between SLT and Indian Ocean Cableship Pte. Ltd of Singapore on June 19th this year.

SLT said it will be invest 40 percent of the equity capital which will amount to about Rs28 million out the total equity capital of Rs70 million as agreed by the two parties.

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Re: SLTL Community

Postby SHARK » Mon Jan 08, 2018 11:13 pm

Sri Lanka Telecom (SLT), the national telecommunications service provider boasts of the market's biggest data allowance with its announcement of the increase in broadband data volumes adding up to 75 percent more GB data volumes offered for the new year 2018 at the existing prices for all its broadband packages.


With these entitled monthly data volume enhancements, SLT broadband customers would be able to consume more data and enjoy their connected digital lifestyles which is significantly increasing value for money.


These data volume increases are applicable for both existing customers of SLT as well as new broadband customers. The SLT customers are capable of experiencing its more consistent, uninterrupted and high speed internet with increased browsing at absolutely no increase in costs.


The SLT consumers enjoy this special benefit of increasing the data volumes up to 75 percent monthly total data volumes of its broadband packages compared to previously offered monthly total data volume, at the same price, due to the company's continuous commitment as shown over a period of time every year, to be differentiated in the competition.


SLT emphasizes on its unmatched Broadband internet data volume as the truly No. 1 value for money broadband internet offers in Sri Lanka without any doubt. The SLT also provides unmatched offers throughout the year including highest monthly data volumes up to 3000GBs, Highest download speeds – up to 100Mbps, Shared data for multiple devices – on Wi-Fi capable smart devices to SLT Broadband internet consumers enabling their growing digital requirements. SLT Broadband customers too are powered with ultra-high speed broadband through the Nationwide Fibre Optics backbone connectivity and unmatched multiple gigantic global connectivity options.


SLT is enhancing and expanding its islandwide backbone network in order to provide a superior broadband experience of the highest standards, connecting Sri Lankans with each other and to the world, while providing a wealth of information at their fingertips.


SLT Broadband is powered by Fibre, ADSL & LTE technologies, and the customers are invited to contact the company via the 24 hour hotline 1212 and visit the company’s corporate website www.slt.lk or email pr@slt.lk for more information.
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dhanurrox
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Re: SLTL Community

Postby dhanurrox » Mon May 21, 2018 8:09 pm

Just keep going down

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Blue Whale
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Re: SLTL Community

Postby Blue Whale » Tue May 22, 2018 7:15 am

A stock that pays the price for an inefficient management by the henchmen of politikkos.
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lukedesilva
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Re: SLTL Community

Postby lukedesilva » Tue May 22, 2018 8:53 am

How about appointing a Presidential Commission ha ha ha

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Re: SLTL Community

Postby eco » Tue May 22, 2018 9:12 am

Yet another white elephant. Good opportunity for DIALOG..........

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Re: SLTL Community

Postby Blue Whale » Tue May 22, 2018 9:14 am

There are allegations that the top management are doing more and more financial irregularities.
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dhanurrox
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Re: SLTL Community

Postby dhanurrox » Thu May 24, 2018 8:48 pm

Sri Lanka Telecom, cellcos in US$200mn expansion; 4G drive

ECONOMYNEXT - Sri Lanka's mobile and fixed access networks have been given approval to invest over 200 million dollars in network expansion and upgrading into fourth generation (4G) broadband services.

Sri Lanka's Minister of International Trade and Investment Malik Samarawickreme told parliament 1.3 billion US dollars of investment proposals had been approved by the Board of Investment of Sri Lanka up to April 2018.

http://www.economynext.com/Sri_Lanka_Te ... 720-7.html

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Re: SLTL Community

Postby dhanurrox » Mon Aug 13, 2018 11:54 am



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