Sri Lanka Telecom

Sri Lanka Telecom (www.slt.lk) is one of the Sri Lanka's most valuable blue chip companies with an annual turnover in excess of Rs 50 billion. Listed on the Colombo Stock Exchange, the company's market capitalization as at 31 December 2010 topped Rs 88 Billion.

The two main shareholders of Sri Lanka Telecom as at year end were the government of Sri Lanka which held 52% through the Secretary to the Treasury and related institutions, and Global Telecommunication Holdings N.V. of Netherlands, which owned a 44.98% stake. The balance shares are publicly traded.

The SLT Group has a customer base of over five and a half million including multinational corporations, large and small corporate, retail and domestic customers. The company has been awarded AAA (lka) rating on National Long Term Rating and BB- rating on Long term Local Currency by Fitch Ratings followed by a B+ for both long-term Corporate Credit Rating and Long term Debt Rating with a stable outlook, and one notch above the country rating by Standard & Poor's.

SLT provides facilities and services in the areas of voice, data, video and mobile to its customers. These services, which are unmatched in scope, range from domestic and international voice, advance data transmission services which include internet services on leased lines, broadband and dial up, data circuits, and frame relay solutions to IP services such as IPVPN based on IP-MPLS technology, total corporate solutions of multiple services, satellite uplink services and mobile telephony, through the fully owned subsidiary Mobitel.

With a view to making Sri Lanka a broadband island, SLT is in the process of introducing the necessary infrastructure in the form of NGN [Next Generation Networks] using optical fibre backbone and broadband services such as IMS, IPTV etc. SLT also provides high speed global connectivity to countries in the South Asian region through its investments in international submarine cables such as SMW3, SMW4, Bharat Lanka submarine cable system [between India and Sri Lanka] and Dhirragu-SLT submarine cable system [between Maldives Islands and Sri Lanka].

Together with its subsidiaries, SLT offers a full gamut of telecommunication solutions. Mobitel, branded Sri Lanka's National Mobile Service Provider, is technologically at the cutting edge and a leader in Sri Lanka's telecommunication industry. SLT Hong Kong Ltd is fully geared to provide services such as IP transit, IPVPN, IPLC and International voice traffic transit services to global telecom operators and corporates in Hong Kong while SLT VisionCom Private Limited redefined the future of tele-viewing in Sri Lanka with the launch of Internet Protocol Television (IPTV). SLT Publications produces the country's premier telephone directory used by the entirety of the industry and accessible worldwide. SLT Services provides project management and consultancy services to Sri Lanka Telecom for its development projects. SLT Manpower Solutions provides the human resource management service to the group by recruiting, training, assessing, outsourcing and providing consultancy. Sky Network unveiled Sri Lanka's first ever WiMax 16e high speed wireless broadband network in November 2010 to further penetrate broadband services across the country.