The Special Cabinet Appointed Negotiating Committee (SpCANC) has shortlisted two bidders from three for the divestiture of Sri Lanka Telecom.
The two pre-qualified bidders from the Request for Proposal (RFP) stage are Jio Platforms Ltd of India and Gortune International Investment Holding Ltd of Amsterdam made up of private Chinese investors.
State and Enterprise Restructuring Unit in a release indicated that Pettigo Comercio International LDA linked to the Lycamobile group have not qualified to make it to the RFQ stage.
The International Finance Corporation acts as the Transaction Advisor for the divestiture of shares held by GOSL in Sri Lanka Telecom PLC.
(dailynews.lk)
