Reliance's Jio, Gortune pre-qualify for Sri Lanka Telecom stake bid: Report

This is a part of Sri Lanka's efforts to reduce government stake in state-owned firms under the $2.9 billion International Monetary Fund (IMF) programme

Telecom Bill
Illustration: Binay Sinha
Reuters NEW DELHI
1 min read Last Updated : Jan 31 2024 | 12:18 PM IST

The Sri Lankan government said on Wednesday it has pre-qualified Jio Platforms, a unit of India's Reliance Industries Ltd, and Gortune International Investment Holding to bid for stakes in Sri Lanka Telecom.

This is a part of Sri Lanka's efforts to reduce government stake in state-owned firms under the $2.9 billion International Monetary Fund (IMF) programme.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Topics :Reliance JioInternational Monetary Fundtelecom servicestelecom marketsri lanka

First Published: Jan 31 2024 | 12:18 PM IST

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