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Chief Regulatory Officer at CSE Renuke Wijayawardhane presenting the listing certificate to Executive Chairperson at Renuka Hotels Shibani Thambiayah

Aug 13, 2009 (LBO) – Dialog Telekom, a unit of Malaysia’s Axiata and the island’s top celco said it lost 7.6 billion rupees in the June 2009 quarter on a 6.0 billion rupee one-off write-down of older network equipment. Dialog Broadbband, a fixed and broadband unit had shown revenues of 556 million rupees. Group revenues fell to 8.4 billion rupees in the June quarter from a re-stated 9.1 billion rupees a year earlier. The company said the top line recovered from the first quarter. Group revenues reported in the March quarter were 8.4 billion rupees.

At company level, which represents the core mobile operations June revenues were 7.9 billion rupees, down from 8.3 billion rupees a year earlier. In March company level revenues were 7.7 billion rupees.

Chief Executive Hans Wijayasuriya said in a statement that the transition to a modernized network would reduce future operational costs. About 62 percent of the infrastructure was already NGN (next generation network), the company said.

Dialog said it had 5.99 million subscribers which was up 25 percent from a year earlier and up 2.0 percent from the first quarter. In March it reported a subscriber base of 5.85 million.

A voluntary retirement scheme for 33