SLT profits up by over three-quarters

12 Feb 2007

Sri Lanka Telecom (SLT) has announced a 76% year-on-year increase in 2006 net profit to LKR5.4 billion (USD50 million), on revenues that rose by 25% to LKR40.7 billion. A company statement said that turnover from local voice services rose by 29% driven by steady per line revenue from existing wireline customers in addition to 200,000 new CDMA-base WiLL connections. The telco also reported a significant increase in incoming international traffic and a marginal decrease in outgoing traffic driving a 4% growth in total international voice revenues in the year. SLT’s international business has been facing fierce competition and it took a strategic decision to enhance its MaxTalk VoIP pre-paid card service. Mobile unit Mobitel posted a 49% increase in revenues, attributed to diversified services and a 111% growth in its customer base to nearly 900,000 GSM/TDMA users.



Have feedback, corrections, or story ideas? Send them to

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
  • Regulators

Learn more about advertising on CommsUpdate.