Showing posts with label Sri Lanka Telecom. Show all posts

Tender Bender At Sri Lanka Telecom

Details have surfaced of an incident where the new Sri Lanka Telecom (SLT) Board of Directors has been allegedly misled by a Long Term Evolution (LTE) network project sponsor to safeguard a bidder who received a tender during the previous regime bypassing the normal tender procedures.

The Sunday Leader exclusively exposed the incident last year and the SLT internal auditors then carried out an in depth audit to unearth the facts that the highest bidder was offered the tender to implement a LTE network dragging the institution into a massive loss, close to a staggering US$ 13.61 million which is similar to the amount of quarterly profit that the SLT normally gains.

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