Sri Lanka Telecom Chairman, Thilanga Sumathipala expects commercial talks with Lanka Bell to kick off in four weeks, when the ongoingtechnical and financial due diligence process ends.rn
Sumathipala told Lanka Business Online that the cumbersome process of checking physical infrastructure involved in a technical due diligence was taking time. He expects SLT engineers now on the field evaluating Lanka Bells network infrastructure to finish their work by early December.
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rnThe dominant fixed access operator has been courting Lanka Bell for the past few months and in September signed a non-disclosure agreement to actively pursue the relationship.rn
rnAfter its shareholders wiped off its debts earlier this year, Lanka Bells management has been on the look out for a cash infusion to grow the business. rn
Lanka Bell has around 44,000 customers on its network, as against SLTs subscriber base of around 800,000 customers. SLTs fully owned cellular subsidiary, Mobitel, has just under 200,000 customers. r