Sri Lanka Telecom share sale opposed on ‘national security’ grounds

Shares of Sri Lanka Telecom (SLT), which owns a fixed and mobile telecom group, which is partly foreign owned and listed should not be sold down further, the head of a parliamentary committee on national security has said.

Government MP Sarath Weerasekara who chairs the Sectoral Oversight Committee on National Security told parliament Friday June 09that divestment of the 49.5 percent stake in SLT held by the government could “expose the country’s strategic communication infrastructure and sensitive information to private companies that are motivated by profit, which could pose a threat to national security”.

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