Mobitel (Private) Limited (“Mobitel”) signed an agreement with Senior Marketing System Asia PTE. LTD. (“SMS Asia”) to purchase all the ordinary shares of E-Channelling PLC (“E-Channelling”) own by SMS Asia. This will be a strategic investment to enhance Mobitel’s position in the mobile market in Sri Lanka. This completes a key addition to SLT group portfolio strengthening its vital position in the Telecommunications industry in the country.

Chairman of SLT Group Kumarasinghe Sirisena stated that “Mobitel will play an important role in the health and medical field in Sri Lanka by bringing E-Channelling within the reach of all Telecom Users”.

Group CEO of SLT group, Dileepa Wijesundera stated that “with the addition of Mobitel and SLT networks to the E-channelling platform, the group will enter the ‘mhealth’ sector of the eCommerce space in Sri Lanka as the lead player”.

The E-Channelling PLC is the pioneer software developer and ICT service provider to the Healthcare industry. It is the first company in Sri Lanka to offer a complete ecommerce based service and the first public quoted Technology Company in the Colombo Stock Exchange. E-Channelling has consistently been part of the 100 top brands in Sri Lanka.

The agreement will be followed by a voluntary offer made at CSE to all shareholders.

CSE link - http://www.cse.lk/cmt/uploadAnnounceFiles/3161473069140_374.pdf