Sri Lanka Telecom PLC (‘SLT’ or the ‘Company’) is the national information and communications technology (ICT) solutions provider and the leading broadband and backbone infrastructure services provider in the country. With over 150 years of expertise behind us, we have been fulfilling the dreams and aspirations of all Sri Lankans – from basic connectivity to an ever evolving range of applications that distinguish the ICT industry today.
The Sri Lanka Telecom Group provides an entire range of ICT solutions in the areas of fixed and mobile telephony, broadband, data, Internet protocol television (IPTV), cloud computing, hosted services and networking solutions to its varied customers via the latest technologies and also diversified services.
The above come within three operating segments which are the Group’s strategic segments, namely:
Fixed and mobile ICT operations constitute the SLT Group’s core business. They collectively accounted for 99% of revenue, 97% of profit before tax, 99% of total assets and nearly 100% of capital expenditure of the SLT Group in 2015.
SLT, the flagship Company of the Group focuses on the fixed ICT business. It provides telecom networks and ICT services to organisations of all sizes across all economic sectors, other telecommunication operators and Internet service providers (ISP), public sector institutions and domestic customers. ICT facilities and services provided include voice, data, broadband, wholesale, enterprise, cloud, international and TV services. One of the key strategic objectives of the SLT Group is to drive broadband-based consumer and enterprise services by expanding the broadband footprint via next generation network (NGN) and national backbone network (NBN), together with next generation access of ADSL2+, VDSL2, optical fibre, carrier-grade Wi-Fi and both fixed and mobile 4G LTE technologies. The Company also aims to be a key regional player by offering state-of-the-art global services provided through multiple international undersea cable systems.
Mobitel (Private) Limited (‘Mobitel’), the fully-owned subsidiary of SLT, offers mobile ICT services, which includes mobile telephony services, high-speed broadband, international services, value added services and a host of digital services such as enterprise solutions, mobile money etc. Mobitel was the pioneer in South Asia to launch a Super 3.5G network, to successfully demonstrate HSPA + MIMO technology and successfully trial 4G/ LTE technology. The introduction of 4G LTE services in June 2013 makes Mobitel’s broadband speeds the fastest in the country. Mobitel’s coverage spans the entire country with international roaming available in over 400 networks worldwide.
The SLT Group covers the whole country and serves a customer base of over seven million accounts across fixed and mobile ICT services. Our customers include domestic users, SMEs and retail customers, multinationals and enterprises, public sector institutions as well as other operators and wholesale customers.
Total revenue of the SLT Group grew by 4.6% to Rs. 68 billion during the year, driven by a 4.1% revenue growth by SLT and a corresponding 6.4% growth at Mobitel. When analysed by business lines independent of segments, voice, enterprise solutions, broadband and value added services of both fixed and mobile categories had the fastest growth rates in terms of revenue.
In terms of composition, fixed ICT solutions contributed 55% to Group revenue, followed by a 44% share coming from mobile operations. When analysed by business lines independent of segments, voice, enterprise solutions and broadband of both fixed and mobile categories were the top three contributors towards Group revenue.
SLT is one of Sri Lanka’s most valuable blue chip companies, with a market capitalisation of Rs. 84 billion as at 31 December 2015, ranking 6th among the listed companies on the Colombo Stock Exchange.