FT 24.01.2014 SLT dialling Hutch?

puliyanam · 1 FT 24.01.2014 SLT dialling Hutch? Fri Jan 24, 2014 8:33 am

puliyanam

Manager - Equity Analytics

Posts : 119
Equity Stars : 2879
Reputation : 10
Join date : 2013-12-04

■SLT denies interest, Hutch confirms negotiations
■Hutch’s island-wide 3G broadband coverage the icing on the cake
By David Ebert

Sri Lanka Telecom is reportedly negotiating a buyout of local mobile service provider Hutch for a reported but as yet unconfirmed price of $ 115 million dollars.
The offered price is higher than the $ 110 million that was supposedly offered by Etisalat for fellow mobile operator Airtel, in news that was reported recently and subsequently denied by both companies.
Sources told Daily FT that a high profile team from Sri Lanka Telecom has been in discussions with Hutch since December, in a move that could see SLT merge Hutch’s islandwide coverage and 3G infrastructure with their own national mobile service provider Mobitel, a move which would significantly expand its own network in a highly cluttered sector that currently has five service providers battling it out for market share dominance

See further details at http://www.ft.lk/2014/01/24/slt-dialling-hutch/

Guys
SLT has denied this storey in a filing to CSE today

http://cse.lk/cmt/upload_cse_announcements/8641390549582_.pdf

Last edited by puliyanam on Fri Jan 24, 2014 2:05 pm; edited 1 time in total (Reason for editing : Updated information)

Leon · 2 Re: FT 24.01.2014 SLT dialling Hutch? Fri Jan 24, 2014 11:31 pm

Leon

Assistant Vice President - Equity Analytics

Posts : 735
Equity Stars : 4589
Reputation : 33
Join date : 2011-08-06

@puliyanam wrote:■SLT denies interest, Hutch confirms negotiations
■Hutch’s island-wide 3G broadband coverage the icing on the cake
By David Ebert

Sri Lanka Telecom is reportedly negotiating a buyout of local mobile service provider Hutch for a reported but as yet unconfirmed price of $ 115 million dollars.
The offered price is higher than the $ 110 million that was supposedly offered by Etisalat for fellow mobile operator Airtel, in news that was reported recently and subsequently denied by both companies.
Sources told Daily FT that a high profile team from Sri Lanka Telecom has been in discussions with Hutch since December, in a move that could see SLT merge Hutch’s islandwide coverage and 3G infrastructure with their own national mobile service provider Mobitel, a move which would significantly expand its own network in a highly cluttered sector that currently has five service providers battling it out for market share dominance

See further details at http://www.ft.lk/2014/01/24/slt-dialling-hutch/

Guys
SLT has denied this storey in a filing to CSE today

http://cse.lk/cmt/upload_cse_announcements/8641390549582_.pdf

SLT vehemently denying any negotiation to purchase hutch.

puliyanam · 3 Re: FT 24.01.2014 SLT dialling Hutch? Mon Jan 27, 2014 10:23 am

puliyanam

Manager - Equity Analytics

Posts : 119
Equity Stars : 2879
Reputation : 10
Join date : 2013-12-04

@Leon wrote:

@puliyanam wrote:■SLT denies interest, Hutch confirms negotiations
■Hutch’s island-wide 3G broadband coverage the icing on the cake
By David Ebert

Sri Lanka Telecom is reportedly negotiating a buyout of local mobile service provider Hutch for a reported but as yet unconfirmed price of $ 115 million dollars.
The offered price is higher than the $ 110 million that was supposedly offered by Etisalat for fellow mobile operator Airtel, in news that was reported recently and subsequently denied by both companies.
Sources told Daily FT that a high profile team from Sri Lanka Telecom has been in discussions with Hutch since December, in a move that could see SLT merge Hutch’s islandwide coverage and 3G infrastructure with their own national mobile service provider Mobitel, a move which would significantly expand its own network in a highly cluttered sector that currently has five service providers battling it out for market share dominance

See further details at http://www.ft.lk/2014/01/24/slt-dialling-hutch/

Guys
SLT has denied this storey in a filing to CSE today

http://cse.lk/cmt/upload_cse_announcements/8641390549582_.pdf

SLT vehemently denying any negotiation to purchase hutch.

Well they say now it was not SLT that was negotiating but Mobitel.
http://cse.lk/cmt/uploadAnnounceFiles/1891390795696_390.pdf

Last edited by puliyanam on Mon Jan 27, 2014 10:25 am; edited 1 time in total (Reason for editing : To include the weblink)

K.Haputantri · 4 Re: FT 24.01.2014 SLT dialling Hutch? Mon Jan 27, 2014 10:33 am

K.Haputantri

Co-Admin

Posts : 2274
Equity Stars : 7768
Reputation : 390
Join date : 2011-12-06
Age : 71
Location : Moratuwa

http://www.cse.lk/cmt/upload_cse_announcements/2051390795608_.pdf

Slstock · 5 Re: FT 24.01.2014 SLT dialling Hutch? Mon Jan 27, 2014 3:29 pm

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 12260
Reputation : 1158
Join date : 2011-01-22

Why couldn't they say Mobitel their subsidiary was in negotiations in the first place without this round about game to say Telecom was not involved.

These are corporates with educated people ( hopefully) releasing these message . What to say.

puliyanam · 6 Re: FT 24.01.2014 SLT dialling Hutch? Mon Feb 10, 2014 3:51 pm

puliyanam

Manager - Equity Analytics

Posts : 119
Equity Stars : 2879
Reputation : 10
Join date : 2013-12-04

@puliyanam wrote:

@Leon wrote:

@puliyanam wrote:■SLT denies interest, Hutch confirms negotiations
■Hutch’s island-wide 3G broadband coverage the icing on the cake
By David Ebert

Sri Lanka Telecom is reportedly negotiating a buyout of local mobile service provider Hutch for a reported but as yet unconfirmed price of $ 115 million dollars.
The offered price is higher than the $ 110 million that was supposedly offered by Etisalat for fellow mobile operator Airtel, in news that was reported recently and subsequently denied by both companies.
Sources told Daily FT that a high profile team from Sri Lanka Telecom has been in discussions with Hutch since December, in a move that could see SLT merge Hutch’s islandwide coverage and 3G infrastructure with their own national mobile service provider Mobitel, a move which would significantly expand its own network in a highly cluttered sector that currently has five service providers battling it out for market share dominance

See further details at http://www.ft.lk/2014/01/24/slt-dialling-hutch/

Guys
SLT has denied this storey in a filing to CSE today

http://cse.lk/cmt/upload_cse_announcements/8641390549582_.pdf

SLT vehemently denying any negotiation to purchase hutch.

Well they say now it was not SLT that was negotiating but Mobitel.
http://cse.lk/cmt/uploadAnnounceFiles/1891390795696_390.pdf

SLT closed at 40 today up almost 5% with LKR 28 M turnover.... Laughing

KDDND · 7 Re: FT 24.01.2014 SLT dialling Hutch? Mon Feb 10, 2014 7:50 pm

KDDND

Assistant Vice President - Equity Analytics

Posts : 724
Equity Stars : 4882
Reputation : 14
Join date : 2012-09-14

Its good
do u expect more....
at this stage....
at this time....
??

smallville · 8 Re: FT 24.01.2014 SLT dialling Hutch? Mon Feb 10, 2014 10:11 pm

smallville

Associate Director - Equity Analytics

Posts : 4119
Equity Stars : 8992
Reputation : 530
Join date : 2011-02-03
Location : Back on Earth

@slstock wrote:Why couldn't they say Mobitel their subsidiary was in negotiations in the first place without this round about game to say Telecom was not involved.

These are corporates with educated people ( hopefully) releasing these message . What to say.

There is a set called "educated fools" in SL as well as in some developed countries.. They do these kinda foolish games..

Speaking of which, we saw one in forum too.. Constantly have been blamin us coming to the forum once in a blue moon.. Rolling Eyes

puliyanam · 9 Re: FT 24.01.2014 SLT dialling Hutch? Tue Feb 11, 2014 7:30 am

puliyanam

Manager - Equity Analytics

Posts : 119
Equity Stars : 2879
Reputation : 10
Join date : 2013-12-04

SLT says deal not finalised.
http://cse.lk/cmt/upload_cse_announcements/5001392032330_.pdf

@KDDN, not sure. But from the day of my initial posting couple of weeks back it went up by 4/-. Not a bad return if you ask me..

puliyanam · 10 Re: FT 24.01.2014 SLT dialling Hutch? Wed Feb 12, 2014 10:02 am

puliyanam

Manager - Equity Analytics

Posts : 119
Equity Stars : 2879
Reputation : 10
Join date : 2013-12-04

@puliyanam wrote:SLT says deal not finalised.
http://cse.lk/cmt/upload_cse_announcements/5001392032330_.pdf

@KDDN, not sure. But from the day of my initial posting couple of weeks back it went up by 4/-. Not a bad return if you ask me..

SLT traded between 41-42.50

Hanoifortune · 11 Re: FT 24.01.2014 SLT dialling Hutch? Wed Feb 12, 2014 1:29 pm

Hanoifortune

Senior Manager - Equity Analytics

Posts : 478
Equity Stars : 3973
Reputation : 11
Join date : 2012-05-09

price has been coming down since last year, Who ever buy will have to hold the baby or dump with a loss .
last lowest closed price was 36.10 , but sudden spike since 2/5 is not healthy.

puliyanam · 12 Re: FT 24.01.2014 SLT dialling Hutch? Tue Feb 18, 2014 12:10 pm

puliyanam

Manager - Equity Analytics

Posts : 119
Equity Stars : 2879
Reputation : 10
Join date : 2013-12-04

@puliyanam wrote:SLT says deal not finalised.
http://cse.lk/cmt/upload_cse_announcements/5001392032330_.pdf

@KDDN, not sure. But from the day of my initial posting couple of weeks back it went up by 4/-. Not a bad return if you ask me..

SLT traded between 41-42.50

Over 1 million shares traded today at 43.00 .......... Laughing

puliyanam · 13 Re: FT 24.01.2014 SLT dialling Hutch? Mon Mar 03, 2014 12:17 pm

puliyanam

Manager - Equity Analytics

Posts : 119
Equity Stars : 2879
Reputation : 10
Join date : 2013-12-04

Low volume Evil or Very Mad

but at 44.80 Laughing

gamaya · 14 Re: FT 24.01.2014 SLT dialling Hutch? Mon Mar 03, 2014 2:14 pm

gamaya

Assistant Vice President - Equity Analytics

Posts : 824
Equity Stars : 5654
Reputation : 39
Join date : 2011-01-22

FT as always doing their best to mislead.

If anyone would buy hutch, it would be etisalat, I think..

puliyanam · 15 Re: FT 24.01.2014 SLT dialling Hutch? Fri Mar 07, 2014 8:31 am

puliyanam

Manager - Equity Analytics

Posts : 119
Equity Stars : 2879
Reputation : 10
Join date : 2013-12-04

Moved up to LKR 45.00 now, not bad volume either...

puliyanam · 16 Re: FT 24.01.2014 SLT dialling Hutch? Mon Mar 10, 2014 7:27 am

puliyanam

Manager - Equity Analytics

Posts : 119
Equity Stars : 2879
Reputation : 10
Join date : 2013-12-04

Sri Lanka Telecom (SLT) - the country's ICT giant announces that the company has partnered 15 international telecommunication operators representing 17 countries to build the South East Asia - Middle East - Western Europe 5 (SEA-ME-WE 5) state-of-the-art undersea cable system: a multi-regional superhighway spanning approximately 20,000 kilometres from Asia Pacific to Europe via Sri Lanka, SLT said in a press release.

The said group of telecom companies have formed a consortium to jointly pursue the building of this undersea cable system with state-of-the-art technology. The collaboration was made official when the consortium members Bangladesh Submarine Cable Company Limited (BSCCL), China Mobile International Limited (CMI), China Telecommunications Global Limited (CTG), China United Network Communications Group Company Limited (CU), Emirates Integrated Telecommunications Company PJSC (du), Orange (formerly France Telecom FT), Myanmar Post and Telecom (MPT), PT Telekomunikasi Indonesia International (Telin), Saudi Telecom Company (STC), Singapore Telecommunications Limited (SingTel), Sri Lanka Telecom PLC (SLT), Telekom Malaysia Berhad (TM), Telecom Italia Sparkle (TIS), TOT Public Company Limited, Yemen International Telecommunications Co. (TeleYemen) - signed the Construction and Maintenance Agreement (C&MA) and the Supply Contract for SEA-ME-WE 5 cable system in Kuala Lumpur on 07th March 2014.

The SEA-ME-WE 5 submarine cable system, spanning approximately 20,000 km, will offer a POP to POP solution from Singapore, all the way to Europe via France and Italy. It connects 17 countries altogether, serving as the new platform for future business ICTs.

http://island.lk/index.php?page_cat=article-details&page=article-details&code_title=99426

Sponsored content · 17 Re: FT 24.01.2014 SLT dialling Hutch?

Latest topics

FT 24.01.2014 SLT dialling Hutch?

1 FT 24.01.2014 SLT dialling Hutch? Fri Jan 24, 2014 8:33 am

puliyanam

2 Re: FT 24.01.2014 SLT dialling Hutch? Fri Jan 24, 2014 11:31 pm

Leon

3 Re: FT 24.01.2014 SLT dialling Hutch? Mon Jan 27, 2014 10:23 am

puliyanam

4 Re: FT 24.01.2014 SLT dialling Hutch? Mon Jan 27, 2014 10:33 am

K.Haputantri

5 Re: FT 24.01.2014 SLT dialling Hutch? Mon Jan 27, 2014 3:29 pm

Slstock

6 Re: FT 24.01.2014 SLT dialling Hutch? Mon Feb 10, 2014 3:51 pm

puliyanam

7 Re: FT 24.01.2014 SLT dialling Hutch? Mon Feb 10, 2014 7:50 pm

KDDND

8 Re: FT 24.01.2014 SLT dialling Hutch? Mon Feb 10, 2014 10:11 pm

smallville

9 Re: FT 24.01.2014 SLT dialling Hutch? Tue Feb 11, 2014 7:30 am

puliyanam

10 Re: FT 24.01.2014 SLT dialling Hutch? Wed Feb 12, 2014 10:02 am

puliyanam

11 Re: FT 24.01.2014 SLT dialling Hutch? Wed Feb 12, 2014 1:29 pm

Hanoifortune

12 Re: FT 24.01.2014 SLT dialling Hutch? Tue Feb 18, 2014 12:10 pm

puliyanam

13 Re: FT 24.01.2014 SLT dialling Hutch? Mon Mar 03, 2014 12:17 pm

puliyanam

14 Re: FT 24.01.2014 SLT dialling Hutch? Mon Mar 03, 2014 2:14 pm

gamaya

15 Re: FT 24.01.2014 SLT dialling Hutch? Fri Mar 07, 2014 8:31 am

puliyanam

16 Re: FT 24.01.2014 SLT dialling Hutch? Mon Mar 10, 2014 7:27 am

puliyanam

17 Re: FT 24.01.2014 SLT dialling Hutch?

Sponsored content