SunTel achieves WiLL growth at a cost

2 Mar 2006

Sri Lanka’s second largest fixed line telco SunTel says its wireless in the local loop (WiLL) subscriber base rose to 188,000 at the end of December 2005, up from 85,000 a year earlier. The cost of the growth was a 66% year-on-year fall in net profit in the second half of the year to LKR172 million (USD1.679 million), despite revenues for the six-month period growing to LKR2.97 billion, up from LKR1.9 billion in 2H 2004. SunTel has revealed plans to raise USD80 million to fund a three-year WiLL network expansion programme, despite the government saying it will increase tax on its CDMA handsets to 33% from the current level of 18%. SunTel is the larger of the two competitors to Sri Lanka Telecom (SLT) in the fixed line market, with WiLL rival Lanka Bell reporting a subscriber base of 40,000 at the end of 2005, almost unchanged in the year.

Sri Lanka, Suntel (now part of Dialog),

Subscribe

Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate

Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share