Complex sentence: In February 2012, SLC signed a renewed deal with Somerset Entertainment Ventures to hold the tournament in August 2012 at Colombo and Kandy, with the seven teams as originally planned.
Split into simpler sentences: In February 2012, SLC signed a renewed deal with Somerset Entertainment Ventures to hold the tournament in August 2012. The matches will be held at Colombo and Kandy, with the seven teams as originally planned.