The Sri Lankan government on November 22 moved to deny speculation in the press that it is holding or has held talks to sell Sri Lanka Telecom (SLT-Mobitel) to foreign investors, namely UK-based Lycamobile. and Fibire network to Adani Group. The SLT workers organized a protest rally against this proposed budget all last week. The President said that the government company will be sold due to long-term losses. However, a buyer has yet to be confirmed.