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    SLTL.N0000   LK0312N00005

SRI LANKA TELECOM PLC

(SLTL.N0000)
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End-of-day quote Colombo Stock Exchange  -  2022-12-07
67.40 LKR   +1.66%
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Sri Lanka Telecom : Mobitel purchase majority stake of eChannelling PLC.

09/06/2016 | 01:03am EST

Mobitel (Private) Limited ('Mobitel') signed an agreement with Senior Marketing System Asia PTE. LTD. ('SMS Asia') to purchase all the ordinary shares of E-Channelling PLC ('E-Channelling') own by SMS Asia. This will be a strategic investment to enhance Mobitel's position in the mobile market in Sri Lanka. This completes a key addition to SLT group portfolio strengthening its vital position in the Telecommunications industry in the country.

Chairman of SLT Group Kumarasinghe Sirisena stated that 'Mobitel will play an important role in the health and medical field in Sri Lanka by bringing E-Channelling within the reach of all Telecom Users'.

Group CEO of SLT group, Dileepa Wijesundera stated that 'with the addition of Mobitel and SLT networks to the E-channelling platform, the group will enter the 'mhealth' sector of the eCommerce space in Sri Lanka as the lead player'.

The E-Channelling PLC is the pioneer software developer and ICT service provider to the Healthcare industry. It is the first company in Sri Lanka to offer a complete ecommerce based service and the first public quoted Technology Company in the Colombo Stock Exchange. E-Channelling has consistently been part of the 100 top brands in Sri Lanka.

The agreement will be followed by a voluntary offer made at CSE to all shareholders.

Sri Lanka Telecom plc published this content on 06 September 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 06 September 2016 05:03:03 UTC.


ę Publicnow 2016
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Financials
Sales 2021 102 B 279 M 279 M
Net income 2021 12 155 M 33,1 M 33,1 M
Net Debt 2021 44 086 M 120 M 120 M
P/E ratio 2021 5,76x
Yield 2021 5,21%
Capitalization 122 B 331 M 331 M
EV / Sales 2020 1,25x
EV / Sales 2021 1,11x
Nbr of Employees 8 032
Free-Float 3,39%
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Managers and Directors
Lalith M. Seneviratne Group Chief Executive Officer & Executive Director
Janaka R. Abeysinghe Co-Chief Executive Officer
Sanjeewa Samaranayake Group Chief Financial Officer
A. Rohan H. Fernando Independent Non-Executive Chairman
Saman Perera Group Chief Information Officer
Sector and Competitors