Sri Lanka Telecom (SLT) has reported net profits for the first quarter of 2006 of LKR1.5 billion (USD14.7 million), up 41% compared to 1Q05, despite continued losses from its mobile subsidiary and a levy on international calls. The operator’s revenues rose 25% year-on-year to LKR8.6 billion. Sales of CDMA fixed-wireless phones during the quarter were ‘very good’, with the telco connecting around 70,000 new CDMA customers, to bring its total to around 100,000 since launching the service in November 2005. During the quarter under review, SLT’s fully owned mobile subsidiary Mobitel posted a LKR223 million loss. SLT says it paid out LKR511 million during the quarter in taxes on international incoming calls.
Have feedback, corrections, or story ideas? Send them to firstname.lastname@example.org.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors