Telecom to be restructured on special model: Siyambalapitiya | Sri Lanka News

Restructuring of Sri Lanka Telecom (SLT) will be done by the institution that will be set up following the model of Singapore and Malaysia to run state institutions, State Minister Ranjith Siyambalapitiya  told Parliament today.

Responding to a question raised by Leader of the Opposition Sajith Premadasa on the restructuring of SLT, the State Minister said this new institution will decide on how to restructure state institutions.

“This institution will decide on restructuring patterns of state owned enterprises and would consider total privatization, building up of private public partnership and deciding upon what strategically  important  institutions should vested with the state sector,” the State Minister said.

“The total losses incurred by more than 400 state run institutions have been Rs. 322 billion and it is not possible to put the burden on running these institutions on the people,” he added.

Referring to SLT in particular, he said the number of landlines which the country had before privatization was 270,000 but the number of landlines have increased up to 10.2 million after the restructuring. 

“The Government owns only a 49 percent stake of SLT at the moment and why make a fuss about it,” he questioned. (Yohan Perera and Ajith Siriwardana)

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