Supreme Court revises SLT tariff

The Supreme Court finalised a settlement of the appeal filed by Sri Lanka Telecom (SLT) in Court on Monday.

By the appeal, SLT sought to set aside the judgment of the Court of Appeal which had annulled the approval granted by the Telecommunication Regulatory Commission (TRCSL) for the telephone tariff implemented by SLT in September 2003.

The matter was settled between the parties in the Supreme Court and the

Supreme Court directed that the Court of Appeal judgment would no longer be operative.

The terms of settlement are a new time based tariff structure to be implemented from November 1. The adjusted tariff will represent not more than a maximum reduction of 9.03 per cent of SLT’s domestic telephone revenue. This was regarded as a fair compromise between the parties.

It was also agreed that with regard to the limited period from January 1 to October 31, 2007, consumers will be provided a credit equivalent to 8.72 per cent of the monthly bills that had been issued during the said limited period.

This credit will be provided in the November 2007 telephone bills.

The TRC will issue a directive in accordance with the terms endorsed by Court.