National People’s Power (NPP) government is ready to bring in a foreign investor to manage Sri Lanka Telecom, NPP Leader Anura Kumara Dissanayake said today.
Speaking at the NPP Bank and Finance Forum this morning, he said the NPP is against selling Sri Lanka Telecom and that however, they will have to bring in a foreign investor to manage it.
Dissanayake stressed that while the NPP is firmly opposed to the sale or privatisation of Sri Lanka Telecom (SLT), they recognise the need for foreign expertise in managing the company.
“We are not in favour of privatisation, but we acknowledge the necessity of involving a foreign investor to manage the company due to its lack of capacity in the rapidly evolving high-tech sector,” Dissanayake stated.
He further elaborated on the challenges faced by Sri Lanka Telecom, citing discussions with the company’s engineers. “Our discussions with Sri Lanka Telecom engineers have revealed significant limitations in managing the technological demands of the industry,” Dissanayake noted.
“The telecommunications sector is evolving rapidly, and we must ensure that Sri Lanka Telecom remains competitive in this high-tech environment.”
