You are here:: In Parliament Oral Q and A Parliamentary Questions – 23.08.2011 Question No.0992/10

Parliamentary Questions – 23.08.2011 Question No.0992/10

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Hon. Ravi Karunanayake – to ask the Minister of Telecommunication and Information Technology – (1)

Will he state –

As to when the telecom was privatized:

Answer: 05th August 1997

The percentage of shares that were sold:

Answer: 35%

The price that the shares were sold by the government:

Answer:     US$ 225,000,000

The name of the President and the government in power at the time of the aforesaid privatization; and

Answer: President:    Mrs. Chandrika Bandaranaike Kumarathunga

Government:    Podujana Eksath Peramuna

The name of the Chairman?

Answer: Mr. Hemasiri Fernando

Will he inform this House whether the shares sold as per above will be bought back by the government as they are pursuing a nationalization policy?

Answer: Government has not decided to buy the shares sold.

If not, why?

Answer:    Not applicable.