On 10th November 2023 via international and local media, The Government of Sri Lanka (GOSL) acting through The Ministry of Finance, Economic Stabilization and National Policies called for Request for Qualification (RfQ) from potential investors for the divestiture of its shares in Sri Lanka Telecom PLC. The deadline for submission of proposals ended at 2pm on Friday, 12th January 2024.

The RfQs received were considered by the Opening Committee appointed by the Special Cabinet Appointed Negotiating Committee.

3 RfQs were received from the following parties:

• Jio Platforms Ltd, Gujrat, India
• Gortune International Investment Holding Ltd c/o Capital Alliance Limited
• Pettigo Comercio International LDA c/o NDB Investment Bank Ltd

The RfQs will be evaluated as per the Special Guidelines on Divestiture of State-Owned Enterprises approved by the Cabinet of Ministers in July 2023.

The International Finance Corporation acts as Transaction Advisors for the divestiture of shares held by GOSL in Sri Lanka Telecom PLC.

(Press Release from State Owned Enterprises Restructuring Unit)