Category: Technology

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 […]

Feb 26, 2008 (LBO) – Sri Lanka Telecom (SLT) has appointed Leisha Chandrasena, who was already a board member, as its new chairperson, an official said. SLT investor relations officer Upali Mahamithawa said Chandrasena’s appointment has taken effect from February 25. Japan’s NTT has a 35 percent stake in the firm but the chairman of […]

Feb 25, 2008 (LBO) – Legal action against the sale of Sri Lanka Telecom shares held by Japan’s NTT is to continue despite the death of the original petitioner, a reporter at the courthouse said. The next hearing of the case would be on March 10. Sri Lanka’s supreme court halted the sale of shares […]

Feb 18, 2008 (LBO) – Standard & Poor’s said it had cut the outlook on Sri Lanka Telecom (SLT), the island’s largest fixed operator, to ‘negative’ from stable after the country’s sovereign outlook was lowered last week. “SLT continues to benefit from modest debt and positive free cash flow generation from its core businesses,” S&P […]

Feb 18, 2008 (LBO) – Sri Lanka’s Dialog Telekom group December quarter profits fell 35 percent despite revenue climbing 26 percent as losses from its pay TV business and thinner margins on mobile operations took their toll. Group net profits fell to 1.6 billion rupees from 2.5 billion in the December quarter on revenues of […]

Feb 11, 2008 (LBO) – Sri Lanka’s top mobile operator Dialog Telekom says its third generation network will be used to provide live newsfeeds for Sri Lanka’s Derana television service. “Reporting instantly from the location through 3G video calling reduces the time lag that is usually associated with unavoidable delays in transferring recorded material for […]

Feb 08, 2008 (LBO) – Sri Lanka’s Dialog Telekom, a unit of Telekom Malaysia, said it had raised 30 million US dollars from two banks to buy telecommunications equipment from Sweden. The package was arranged by Standard Chartered Bank in Colombo, Dialog said in a stock exchange filing. It was backed by EKN, Sweden’s export […]

Jan 31, 2008 (LBO) – Internet users in Sri Lanka and other South Asian countries may see their internet connections slowing, as a submarine cable in the Mediterranean sea has been damaged, a report said. “It is a problem off the coast of Alexandria in Egypt. For some reason ships were asked to anchor in […]

January 28, 2008 (LBO) – Investors in telecommunications stocks in emerging markets like Sri Lanka are more concerned with business growth and cash flows instead of reaping dividends, the head of the island’s top celco said. . “Investors in stock markets, in telco shares, in ICT stocks look at cash flows,” said Hans Wijayasuriya, chief […]