Sri Lanka Telecom May Raise $125 Million to Expand
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Sri Lanka Telecom Plc, the nation’s biggest fixed-line phone company, may raise as much as $125 million to fund expansion, a company executive said.
“We have received responses to a request for proposals from banks that include selling bonds overseas and syndicated loans,” Chief Financial Officer Shiron Gooneratne said in a telephone interview from Colombo today.