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Bandula says Channel Eye leased out to Lyca Mobile

16 August 2023 10:13 am - 9     - {{hitsCtrl.values.hits}}

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Minister of Mass Media Bandula Gunawardena yesterday said that Channel Eye was leased out to Lyca Mobile Group on a short-term lease agreement and refuted claims that the Cabinet Paper in this regard was rejected.

He told the weekly Cabinet briefing that the decision to lease out the loss-making Channel Eye was taken following a decision taken by the Director Board with his approval as the subject minister.

The Minister said only the airtime of the Channel was leased out to Lyca Mobile Group only for telecasting sports events at a payment of Rs. 25 million per month.

Refuting media reports that the Cabinet Paper presented on Monday in this regard was rejected, he said the Cabinet opined that no Cabinet Paper was required as the Director Board was authorized to take decisions on commercial activities and therefore he withdrew the Cabinet Paper.

He said the channel was leased out to Lyca Mobile as there was no other proposal initially.

He said plans were being made to lease out Chanel Eye on a long-term lease agreement of two years for telecasting sports and entertainment and that tenders would be called in this regard once the Director Board approves the proposal.

Former NPP MP Nalinda Jayatissa said that State-owned Channel Eye had been secretly sold to VIS Broadcasting (Pvt.) Ltd. for Rs 250 million per month effective for six months from June 30.(Ajith Siriwardana)


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  Comments - 9

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  • Sunil Wednesday, 16 August 2023 11:10 AM

    Sell all incl your self. Nothing left in this country except human souls.

    ravin Wednesday, 16 August 2023 11:22 AM

    Is it your ancestorial property? Keep in mind you are only a temporary caretaker of certain public properties.

    Sunil Ginige Wednesday, 16 August 2023 11:56 AM

    Very soon your head will be sold to China Mr. Bandula.

    Ramesh Gunawardene Wednesday, 16 August 2023 11:57 AM

    Bandula how much commission you got.?

    Seeni Karuvadu Wednesday, 16 August 2023 12:12 PM

    Now in a ordinary sheet it is leased out, but it has been sold few moths with the proper documentations. How about this Bandula did you get 20% commission like Basil and Mahinda.

    Dr. Sennarath Weerasinghe Wednesday, 16 August 2023 12:17 PM

    What is your next plan Ranil

    DPerera Thursday, 17 August 2023 09:26 AM

    Very good decision by the government as government will earn some money than spending on this non performing asset

    USIMF Friday, 18 August 2023 12:24 AM

    The whole selling process started under the US COMMAND when the IMF was brought back to DESTROY the country.

    Sambo Friday, 18 August 2023 08:05 AM

    As long as the people are uneducated in this country it makes life easy for the politicians to do what they want.


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