The modalities on the complete transformation of Sri Lanka Telecom (SLT) under a restructuring plan within three months will be discussed at the semi-government company’s first board meeting on July 6, after Nimal Welgama was appointed as the new chairman.
A board member said tender board functions will also be reviewed at this meeting, adding that members of the board have been meeting informally to understand the SLT’s restructuring process before a formal meeting is held.
While nine members have been appointed including four from Maxis (through Global Telecommunications Holdings NV-GTH) which has a 49 % stake in the company, the Treasury is yet to name its representative. Treasury holds the government stake of 51 %. The report of the British Telecom Consultants on the SLT restructuring is to be submitted at the July 6 meeting.