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Sri Lanka Telecom’s tariff dispute could set the telco giant back by a few billions in profits depending on how the Appeal Court ruling against its tariff is interpreted.







Sri Lanka Telecom’s tariff dispute could set the telco giant back by a few billions in profits depending on how the Appeal Court ruling against its tariff is interpreted.

The fixed line giant is however expected to file its appeal to the July ruling against its 2003 tariff hike in the Supreme Court on Monday.

SLT officials on Friday confirmed that the papers for the appeal had been finalized.

Asia Securities meanwhile in a market report on Friday estimated SLT’s refund liabilities at Rs. 1 billion after including an inflation pegged increase instead of the tariff approved by the regulator in 2003.

A refund process will put SLT in logistical and administrative difficulties including recalculating the bills for some 800,000 customers after taking possible inflation tagged tariff increases into consideration.

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Some customer segments that saw their bills reduced after the tariff increase meanwhile could be as