Speaking to 'Sri Lanka Mirror', he said that the revamp had actually saved about 700 million rupees for the Telco giant.
He said proposals for the revamp were called in May 2020 and Phoenix advertising, which had the best proposal, was selected.
He also added that costs were cut down by Rs. 1,300 million this year.
He also said that SLT had been able to reduce its debt load from Rs. 53 billion to Rs. 44 billion after he assumed the chairmanship.
Won't give lands to China
'Sri Lanka Mirror' also inquired about several online news citing that the SLT HQ in Fort was to be sold to a Chinese company.
Several websites had reported that the property, which includes the SLT HQ, will be handed over by 2023 to the Colombo Port Terminal being expanded by the Chinese.
Reports also cited that the President had instructed the SLT Chairman to relocate workers of the 1212 hotline call centre and the operations room related to repairs and breakdowns to Welikada or to another location.
Mr. Fernando said that Fort land owned by SLT was 06-acres and the company cannot make any changes to the old building since it is considered as a cultural heritage site.
However, he said there were plans to develop about an acre of land where new buildings are built on the site, adding that a foreign investor would have to be sought for the project.
Share prices up
Meanwhile, SLT shares at the Colombo Stock Exchange have also risen from Rs. 21 to Rs. 38, he said.