SLT mulls takeover of payphone firm

11 Sep 2006

Sri Lanka Telecom (SLT) told local press on Friday that it is in talks to buy a stake in the island’s largest payphone operator Tritel Services. Malaysian-owned Tritel utilises CDMA technology and piggybacks on other operators’ networks to connect over 3,000 phone booths spread nationwide. SLT’s chief Executive, Shuhei Anan, said that the state-run telco ‘has decided to undertake a due diligence exercise of Tritel to expand access coverage, in an attempt to reach the entirety of Sri Lanka.’ SLT currently operates around 2,000 payphones of its own.

Sri Lanka, Sri Lanka Telecom (SLT-Mobitel), Tritel