Sri Lanka Telecom(SLT) reported revenue of Rs 55.7 billion during the first 9 months of 2016 shows a year on year (YoY) growth of 9.5%.

This was mostly due to the increased demand for data and broadband related products that were introduced to the market through LTE coverage expansion and fiber optic based ultra-high speed broadband for higher data volumes. Operating cost of the group increased by 15.2% to Rs 39.7 billion largely due to the increase of International Telecommunication Operators Levy and the restoration of telecommunication infrastructure affected by natural disasters happened during the second quarter of the year.