NTT has sold its entire holding of 635,076,318 shares, representing 35.19% of Sri Lanka Telecom, at a price of SLR50.50 $0.47 a share totalling SLR32 billion.
Global Telecommunications Holdings, which is a Netherlands-based company will now, under the Sri Lanka Takeover Code, have to make a mandatory offer to the remaining shareholders of SLT. GlobalÆs parent, Usaha Tegas, is a holding company of Ananda Krishnan and also owns a stake in Malaysian telco Maxis.
SLT was Sri LankaÆs first telecommunications company and has an estimated...
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