Category: Technology

March 24, 2007 (LBO) – Nippon Telegraph and Telephone, Japan’s largest phone company, is tipped to sell off its flagship investment in Sri Lanka as early as this week, to the owner of Malaysia’s biggest mobile operator. “Supreme Court has allowed the sale to proceed, and we expect the Malaysian investor to wrap up the […]

March 24, 2008 (LBO) – Sri Lanka Telecom, the island’s dominant fixed access operator has not been informed of a date for the sale of a stake held by major shareholder NTT Communications of Japan, a top official said. SLT’s new chairperson Leisha De Silva Chandrasena, who represents the interests of the government of Sri […]

March 20, 2008 (LBO) – Sri Lanka’s internet access quality through broadband within the local boundary is above regional thresholds but sparse local content drives users to access overseas sites at slower speeds, researchers said. “In the ISP (Internet Service Provider) domain from the user to ISP, we have found that the results are relatively […]

Mar 19, 2008 (LBO) – Subscribers of the Sri Lanka mobile unit of Hutchison Telecom doubled to more than a million in 2007, while revenue growth topped 50 percent, the group said in a statement. . Total subscribers had increased by 104 percent to 1,141,000 in 2007 while revenue measured in Hong Kong dollars grew […]

March 17, 2008 (LBO) – India’s Mahanagar Telephone Nigam Ltd (MTNL) is looking for a joint venture partner to take up a 50 percent stake in Sri Lanka’s Suntel which it is negotiating to buy, India’s telecom regulator has said. The Department of Telecom (DOT) said in its annual report that MTNL wanted a joint […]

March 14, 2008 (LBO) – Echannelling, Sri Lanka’s fist listed dotcom said its chief executive, Sidath Chandrasena, would be resigning from June 2008. The firm traded between 16.00 and 16.25 a share Friday. Echannelling is a web-based portal that through which appointments for doctors can be booked for a fee.

March 11, 2008 (LBO) – Bharti Airtel Lanka, a subsidiary of India’s Bharti Airtel, said it had pushed back the launch of its mobile service in Sri Lanka to September this year from an original target of March. The firm Tuesday signed a deal with the investment promotion agency, Board of Investment, to spend half […]

Mar 10, 2008 (LBO) – The sale of an equity stake in Sri Lanka Telecom held by Japan’s NTT to Malaysia’s Usaha Tegas group could go ahead, the island’s supreme court has ruled, a reporter at the court said. The UT group was initially expected to purchase 25 percent of the stock with NTT keeping […]

March 08, 2008 (LBO) – Sri Lanka Telecom (SLT), the island’s dominant fixed line operator, has invested over 100 billion rupees in the business since it was privatized a decade ago, the company says in its 2007 annual report. The firm has also given more than a million connections since then, with its fixed access […]

Feb 29, 2008 (LBO) – Sri Lanka’s Kay Jay Security has tied with Dialog Telekom to provide a closed circuit television (CCTV) monitoring through third generation mobile technology, the company said. “Under the new joint-venture, customers in Sri Lanka will be able to subscribe to a package that includes the installation of CCTV at their […]

Feb 29, 2008 (LBO) – Higher inflation which reduced the spending power of subscribers and declining security was hurting Sri Lanka’s telecom firms, Fitch Ratings said in an Asia Pacific regional report. . Though the Sri Lankan telecom sector was expected to show “reasonable growth” in 2008, fixed wireless expansion was expected slow with increasing […]

Feb 27, 2008 (LBO) – Sri Lanka Telecom, the island’s dominant fixed line operator, Wednesday announced it had set up a subsidiary to provide internet television programmes with a planned investment of 100 million rupees. The fully-owned subsidiary called SLT Visioncom would provide internet-based television services to its broadband customers, the company said in a […]