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Sri Lanka Equity Forum » Stock Market Talk » Lanka Bell to be acquired by Mobitel - Sources

Lanka Bell to be acquired by Mobitel - Sources

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AmalHoole


Stock Analytic
Stock Analytic
Sources close to Lanka Bell which is owned by Billionaire Harry Jayawardena says that despite Harry not making a significant investments in telecommunication industry in Sri Lanka, Mobitel under the government is on a due diligence process to acquire Lanka Bell. 

However it is said Harry is just keeping Lanka Bell to cut his operational cost by having less cost on telecom infrastructure and telephone bills for his group companies.

Uaecoindubai

Uaecoindubai
Manager - Equity Analytics
Manager - Equity Analytics
commissions crows may be involved , Lanka bell is a total shit and useless cow. bad decision from SLT/Mobitel

soileconomy

soileconomy
Vice President - Equity Analytics
Vice President - Equity Analytics
One of the mistakes done by HJ by not divesting the BELL at its peak.if I am not mistaken he acquired 
BELL for Rs 2.1 Bn and got offer for Rs5 bn.

sureni


Stock Trader
@AmalHoole wrote:Sources close to Lanka Bell which is owned by Billionaire Harry Jayawardena says that despite Harry not making a significant investments in telecommunication industry in Sri Lanka, Mobitel under the government is on a due diligence process to acquire Lanka Bell. 

However it is said Harry is just keeping Lanka Bell to cut his operational cost by having less cost on telecom infrastructure and telephone bills for his group companies.
As we know he is trying to sell lankabell and flag network seperately. FLAG network was bought by harry in 2006 for a 40 million USD .and he used that network for VOIP calls terminatin and generating and made billions of money without paying taxes.
The way he managed the company no increments , Bonuses , promotions for the  staff . He appointed a MD called prasad samarasinghe if a investigation held whole srilanka will be amazed by his acquired wealth for such a short period. Lanka bell cannot do the service under this management .

Teller

Teller
Moderator
Moderator
Lanka bell staff are getting very less salary . Their basic salary is 2x lesser than sri lanka telecom staff. Poor Harry os totally fail in telecommunications business

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