- Said that no branch will be closed
- SLT muve operations remain suspended since March
By Nishel Fernando
National telecommunications service provider Sri Lanka Telecom PLC (SLT) decided to restructure two of its subsidiaries and its ridesharing company, SLT muve, after assessing past performance and examining opportunities and challenges in the environment. post-COVID-19, Mirror Business leaned forward. After lengthy discussions, the SLT Board of Directors recently decided to restructure SLT Human Capital Solutions (Private) Limited and Sri Lanka Telecom (Services) Limited as well as SLT muve venture, which reports to SLT Digital Info Services (Private) Limited .
As a result, SLT management has already started the restructuring process of SLT Human Capital Solutions (Private) Limited, which will soon be followed by Sri Lanka Telecom (Services) Limited. Meanwhile, the operations of his carpooling company, SLT muve, have been suspended since the end of March.
Although SLT’s board of directors has given the green light for the restructuring of the company, SLT also needs the approval of its strategic partner in this company, the Australian company Technology.
Network Australia, to advance the restructuring process.
Some SLT employees have also raised concerns about the credibility of Technology Network Australia.
Speaking to Mirror Business, an SLT official noted that SLT is now seeking new investors to expand the ridesharing service, which launched last year.
However, Technology Network Australia and SLT have yet to reach an agreement on the company’s future operations as discussions continue as the two sides re-examine the company’s business case.
The performance of the ride-hailing industry remains eroded due to COVID-19 restrictions in Sri Lanka and around the world.
Meanwhile, speaking to Mirror Business, SLT Managing Director and Commercial Director Kiththi Perera stressed that the SLT Group will not close any of its subsidiaries and that the restructuring of the two subsidiaries is aimed at improving the overall performance of the group. .
âSome of them (subsidiaries) have been very successful and others need to be restructured. Therefore, we are restructuring these subsidiaries for the good of the company, so that the expected results will be achieved for the holding company, but we are not closing any subsidiaries, âhe explained.
Commenting on the planned restructuring of Sri Lanka Telecom (Services) Limited, he noted that the subsidiary would realign itself with SLT’s core business after identifying opportunities in the post-COVID-19 era.
âWe are currently in the process of implementing two million FTTH ports for our customers. In particular, during the COVID-19 pandemic, we realized that broadband is essential for every household in the country.
What we are trying to do is better align our service subsidiaries to support this initiative. They were also involved in some activities other than OST development, so we really want them to focus on OST development activities. We will be implementing them very soon, âhe added.
In addition, the SLT Group also increasingly seeks to provide innovative solutions to its cooperative clientele, which includes both public and private institutions.
The SLT group is also reviewing the entire business plan of SLT and its key subsidiary Mobitel.
Sri Lanka Telecom PLC (SLT) said yesterday that it detected an attempted cyber attack on its internal system. A REvil attack, which has occasionally affected computer systems around the world, has been identified as the reason.
While ensuring that all customer information is secure, SLT said the attempted attack affected only part of its internal computer systems.
âOur vigilant early warning systems detected the attempt and precautionary measures with shutdown of some servers were implemented without delay. These servers are isolated and corrective actions are in progress. There is no impact on the systems used to provide SLT services. Thus, there is no risk for the services offered to our customers and there is also no risk for the information of the customers.
The system experts are taking care of the problem and have already identified all areas and SLT’s internal services will be restored in a short time. Our teams of experts detected the threat at a very early stage and managed to isolate the problem, âsaid a statement issued by SLT management.
âSLT would like to affirm that all of our government and commercial services, voice services, broadband services, PeoTV and hosting services are unaffected due to this internal issue and that customer information is secure.
Value-added services such as ordering additional GB for broadband services are also provided online, through the MySLT app and through the contact center at 1212.
We advise our clients to implement the required precautionary measures as much as possible taking into account the current hostile nature of these cyber attacks, âhe added.