SriLanka Telecom has a history of over 150 years, having started its operations in 1858 with the establishment of the first Telegraphic Circuit between Galle and Colombo. In the same year it established its first international Telegraph Communication between then called Ceylon, and India. Since then, Sri Lanka Telecom has passed several milestones, including: in 1991 Sri Lanka Telecom became a Corporation and in 1997 the Company was privatised with the collaboration of Nippon Telegraph and Telephone Corporation (NTT) and listed in the Colombo Stock Exchange's Milanka Price Index.
In 2008, NTT sold its stake in SLT to Global Telecommunications Holdings N.V. of Netherlands, which currently owns 44.98% stake in Sri Lanka Telecom (SLT) whilst 50.50% is owned by the Government of Sri Lanka and the balance shares remain with the general public.
SLTL more possibility for moving up...............
1. Profits up by 2 billion Rupees last 3 month report, then end of year highly expecting more than 8 billion Rupees profits.
2. Possible to bring up the ASI and S&P index by SLTL, it's very easy to bring up the price because it's very illiquid stock,only 1% shares trading in the market.
3.Listed under S & P index one of the top 20 stock.