SLT’s net income slumps 75% as it expands mobile, data areas

11 Aug 2009

Sri Lanka Telecom (SLT) witnessed its net profits falling by 75% year-on-year to LKR375 million (USD3.3 million) in the quarter ended June 2009, as revenues stayed flat at LKR11.74 billion, despite growth in the data/internet and mobile sectors, the company said, as quoted by Lanka Business Online. Partly due to network expansion at the telco’s mobile unit Mobitel, operating costs rose 26% to LKR7.39 billion, whilst wireline revenues dropped 18% to LKR6.46 billion, fixed-wireless access turnover fell 12% to LKR2.42 billion, and sales from international call services declined 10% to LKR4.1 billion. Mobitel’s subscribers grew by 61% y-o-y to 2.993 million at end-June 2009, with revenues up 40%, although the unit’s net profit fell 63%. SLT also noted that its IPTV service had reached 10,000 subscribers, amongst an ADSL broadband customer base of 120,000.



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.