India and China are pre-qualifiers for the SLT stake bid

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According to Sri Lanka’s Ministry of Finance, two companies from China and India have pre-qualified for the proposal stage for a majority stake in state-owned Sri Lanka Telecom Plc.
The Government of Sri Lanka, acting through the Ministry of Finance, Economic Stabilization and National Policy, recently asked potential investors to qualify for divestment of their shares in Sri Lanka Telecom plc. And the cabinet-appointed special negotiating committee has pre-qualified India’s Jio Platforms, a subsidiary of Indian billionaire Mukesh Ambani’s Reliance Industries Ltd, and China’s Gortune International Investment Holdings as bidders for the RFP stage.

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