SLT to issue LKR 5.0 Billion Debentures
Sri Lanka Telecom PLC (SLT), a blue-chip company and a dominant player in the Sri Lankan Telecom and Information Technology Enabled Services (ITES) space, announced today that the directors of the company have resolved to issue LKR 5.0 billion listed debentures with a green shoe option for a further LKR 2.0 billion, subject to regulatory approval.
SLT is a listed company on the Colombo Stock Exchange (CSE) and has positioned itself as the preferred digital lifestyle provider (DLP) in Sri Lanka, providing a wider range of services such as voice, data, internet, global connectivity, television, education and other related services to the nation. Having maintained a fair growth rate despite the competitive and challenging market environment, the group reported a turnover of Rs. 74 billion during the year 2016 while owning Rs.143 billion total assets by the end of same year.
The company expects to invest proceeds of the debenture in its service expansions in the areas such as IPTV, FTTH, data centers, global connectivity and to improve the maturity profile of its long term debt.
About Sri Lanka Telecom PLC
Sri Lanka Telecom (SLT) is the county’s leading digital service provider. The Company is also the major provider of ICT networks and services for top enterprises representing all economic sectors and facilitates them with seamless and sophisticated connectivity to carry out local and global business operations. The SLT Group provides a full range of ICT facilities and services in the areas of voice, data, broadband, wholesale, enterprise, TV and mobile services. One of the key strategic objectives of the Group is to drive broadband-based consumer and enterprise services by expanding the broadband footprint via Next Generation Network and National Backbone Network and Next Generation access of ADSL2+, VDSL2, Optical fibre, Carrier-grade Wi-Fi and both fixed and mobile 4G LTE technologies. SLT aims to be a key regional player by offering state-of-the-art global services provided through multiple international undersea cable systems. Thus, the company has made major investments in international submarine cable systems such as SEA-ME-WE 3, SEA-ME-WE 4, SEA-ME-WE 5, Bharat-Lanka and Dhiraagu-SLT submarine cable systems. To learn more visit www.slt.lk
