Telecom revenue up by 25 per cent

COLOMBO: Lanka Telecom Group’s revenue went up by 25% to reach Rs. 40.7 billion for the last financial year. Local telephone services contributed 69% of this revenue, whilst international telephone services accounted for 20% and data and other services contributed 11%.

In 2006, SLT made substantial contributions to the National Exchequer through tax payments of Rs. 3.8 billion and Rs. 2.7 billion paid out in other levies.

The year 2006 has been an extremely successful one for SLT, said its Chairman, Asoka Weerasinghe de Silva.

The progress and strong performance achieved by the Company certainly vindicates the strategies that have been adopted in taking our business forward. Mobile phone subscribers and revenue also grew.

For the year 2006, SLT contributed Rs. 3.8 billion by way of taxes plus a sum of Rs. 2.7 billion by way of other levies.

(SS)