The UNP said yesterday that the SLT shares deal could be a threat to national security and charged that the company was to be sold out to a Malaysian company violating `Mahinda Chintanaya` which is opposed to privatization.
UNP MP Dayasiri Jayasekera told a press conference that the government has given permits to Global Telecom which bought 25% stake of SLT to run a TV channel, a radio channel and a 3G channel which is a highly advanced communication technology available today.
`Why is the government giving such facilities to this company and does the government know what the company intends to do with these facilities?,` he asked. He explained that the company can do certain things which might jeopardise the security of the country with the advanced technology available to them
Mr. Jayasekera alleged that the government had given a five year tax holiday to the company. He asked as to why the government had given such concessions which are usually given only to BOI companies
The UNP MP explained that the government should study the background of Global Telecom Head Ananda Krishnan to determine his motives. `We don`t mind the race of any investor but a study should be made to make sure that he is not a threat to security,` he pointed out.
In addition he said Maxi Communications, which is a subsidiary of Global Communications has bought 8% shares of SLT at the Colombo Stock Exchange. In this context he explained that under the Merge Act a mandatory offer has to be made if a company has a 33% stake giving that company an opportunity to purchase the remaining shares. `Therefore the government is trying to sell out the SLT,` he pointed out.