Investors sought to divest Sri Lanka Telecom 50.23-pct stake

A 50.23 -percent majority stake in Sri Lanka Telecom is offered to investors according to a pre-qualification call by the island’s State Enterprise Restructuring Unit.

Prospective investors must apply by December 18. Successful candidates will be selected by January 05 and given tender documents.

The sale is expected to be completed by the second quarter of 2024.

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