MEDIA SPECULATION OVER SLT PURCHASE OF SUNTEL LTD -
05/09/2011
Over the past days a number of media articles have appeared with speculation regarding a potential purchase of Suntel by Sri Lanka Telecom PLC “SLT”.
The information in the articles implied that offers have been made at specific valuations, these rumors or speculation are incorrect.
SLT had conducted due diligence for a possible purchase; however SLT formally withdrew from this process on 24th August 2011 and has NO offer under evaluation by Suntel Shareholders.