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MarketScreener Homepage  >  Equities  >  COLOMBO STOCK EXCHANGE  >  SRI LANKA TELECOM PLC    SLTL/N0000   LK0312N00005

SRI LANKA TELECOM PLC

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SRI LANKA TELECOM : SLT partners Blue Ocean Group to power 24 condominium projects as Digital Services Provider

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01/12/2019 | 07:15am EDT

Sri Lanka Telecom (SLT), the leading ICT solutions provider in the country has announced its partnership with Blue Ocean Group of Companies, the award winning and versatile conglomerate, with a flagship brand in real estate and construction, to be the Digital Services Provider for 24 condominium complexes within Colombo city and suburbs.

Under the agreement, SLT will power the condominium complexes with the company's ultra-fast fibre connectivity, guaranteeing future residents of the apartments with an unmatched broadband experience that will revolutionise their lifestyles as well as their living standards.

The agreement was officially signed recently at SLT Head Office premises, by Blue Ocean Group Chairman S. Thumilan and SLT CEO Kiththi Perera. Several other officials representing both companies were also present at the agreement signing ceremony.

The partnership will entail SLT to be the Digital Services Provider to the 24 condominium projects that comprise of a total of 785 different units. The luxury apartments are currently under construction in locations within Colombo city and suburbs. SLT will be powering all 24 condominium complexes with the company's fibre-to-the-home infrastructure that will provide residents with ultra-fast internet connectivity offering download speeds of up to 100 Mbps, crystal clear voice communications as well as access to high definition (HD) TV content via PEO TV. SLT's robust and reliable ICT services will pave the way to revolutionise the digital lifestyle experience of the residents of the 24 buildings.

Commenting on the partnership, Thumilan said, 'We are confident that we will be able to achieve our business goals by providing unmatched, innovative and world-class experiences to the residents of our apartments since we have partnered with the very best - Sri Lanka Telecom. I am certain that our partnership with SLT will help to reap mutual benefits not only to us and SLT, but also to our future residents.'

Adding his comments with regards to the partnership, Perera said, 'We are honoured to have been selected as the Digital Service Provider for this major project, by a leading organisation such as Blue Ocean Group of Companies. We thank them for the confidence that they have placed on us and we are confident that we will be able to add value to their group as well as their clients through our experience and expertise in ICT and digital services.' Blue Ocean Group of Companies, with its diverse portfolio, specialises in luxury living, investment properties as well as holiday homes. Blue Ocean has currently undertaken over 35 large projects in 10 cities, targeting over 1,250 residences simultaneously. This is the first ever record in the history of Sri Lanka's real estate where a single group has undertaken such a large number of projects simultaneously. The company strives to uphold a reputation of ethical, innovative and constructive practices not only in Sri Lanka but in the Asia Pacific, European, and Middle East and East Asia regions as well.

© Pakistan Press International, source Asianet-Pakistan

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Managers
NameTitle
K. A. Kiththi Perera Chief Executive Officer
P.G. Kumarasingha Chairman
M. B. P. Fernandez Chief Operating & Technology Officer
Udeni K. Samararatne Chief Financial Officer
D. W. R. Wijeweera Chief Information Officer
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