The
Impetus for Privatisation The impetus to privatise
came from many sources:
Assembling
an attractive infrastructure that would attract
both foreign and private capital was an important
factor. It was important that the country
developed its communications infrastructure
so as to be able to compete with other investment
destinations. Communication services needed
to be on par with the developed and newly
developed world, and there was no indication
that this would occur under state control.
Technological
advancement was another. Thirty years of dabbling
with telecommunications had shown conclusively
that the state was unable to provide a quality
telecommunications service to the public of
Sri Lanka. Public funds were inadequate to
fund the required expansion and the injection
of private funds was imperative. The technological
advancements that other parts of the world
had begun to savour, were being withheld from
Sri Lankans, as a result.
Accounting
and billing systems were archaic and there
was a need for more fluent procedures and
the injection of rationality, in the process.
Privatisation and a tie up with a global conglomerate
was seen as a vehicle for turning a moribund
state utility into a high performance communications
operator.
The field of communications
in Sri Lanka today, bears ample testimony to the
success of our strategy - in a myriad products
and services that access knowledge, business and
human contact like never before.