The Sri Lankan government has announced that Jio Platforms, a subsidiary of India’s Reliance Industries Ltd, and Gortune International Investment Holding have been pre-qualified to bid for stakes in Sri Lanka Telecom. This move is in line with Sri Lanka’s initiative to reduce government ownership in state-owned enterprises, as part of the $2.9 billion International Monetary Fund (IMF) program. The pre-qualification of these entities marks a step in the process of involving private investment and reducing state control in Sri Lanka Telecom.
Jio Platforms and Gortune International Pre-Qualified to Bid for Stakes in Sri Lanka Telecom
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