Category: Technology

Oct 26, 2007 (LBO) – India’s state-run telecom firm MTNL, which is trying to buy Sri Lanka’s fixed wireless operator Suntel, has put conditions for the buy-out as it tries to cash in on legal cases the Sri Lankan firm is involved in. “We are the preferred bidder and are working hard at it. During […]

Oct 24, 2007 (LBO) – The United States has said it is concerned over the widespread piracy of software in Sri Lanka, which recent surveys show is as high as 90 percent. “We share the industry’s concern regarding extensive software piracy in Sri Lanka,” said James R. Moore, Chargé d’Affaires of the U.S. Embassy in […]

Oct 24, 2007 (LBO) – Sri Lanka’s biggest mobile phone operator, Dialog Telekom, announced Wednesday it had struck a deal with investors to raise five billion rupees through a privately placed preference share issue. The proceeds of the Preference Share Issue amounting up to Rs. 5.0 billion will partially finance the Dialog Group’s capital expenditure […]

Oct 20, 2007 (LBO) –The number of Sri Lankans buying mobile phones is still increasing rapidly, opening new avenues for equipment sellers and cellular operators who expand coverage and add services, industry officials say. Nokia and Siemens, two leading telecom equipment providers who merged in March this year, are hoping to cash in on the […]

Oct 17, 2007 (LBO) – Software and IT educational institute OpenArc released products for business and management sectors of companies in Sri Lanka, following its 15 year anniversary celebrations. ‘Open Arc SkyBank’, is an enhanced web-based solution to enhance efficiency of merchant banks and finance companies which use online real time Integrated General Ledgers, OpenArc […]

Oct 05, 2007 (LBO) – Fixed line telecom operator Lanka Bell posted a 70.1 percent growth in after tax profits for the year ended in March but predicts new fibre optic and WiMax projects will reduce future returns on investment. Lanka Bell, a Harry Jayawardene controlled company, said its turnover soared 70.2 percent to 6.32 […]

Oct 03, 2007 (LBO) – The Sri Lanka unit of Hutchison Telecom has passed one million users and the firm is planning to the double the size of its network over the next year, the company said. The firm which has carved a growing niche in giving affordable services largely through pre-paid services. œWe believe […]

Oct 02, 2007 (LBO) – Sri Lanka Telecom (SLT) has signed up PC House, an IT firm, to package broadband connections with its computers, the telecommunications provider said. “Through this initiative SLT will be able to offer Broadband products to its customers via 41 PC House branches including North and East in addition to SLT […]

KUALA LUMPUR, Oct 1, 2007 (AFP) – Telecommunications giant Telekom Malaysia on Monday saw its share price jump by 11.3 percent in morning trade after the company announced a plan to split its mobile and fixed-line business. At 11:45 am (0345 GMT), Telekom Malaysia shares rose 1.10 ringgit to 10.80 (3.18 dollars) on the Kuala […]

BANGALORE, India, Sept 30, 2007 (AFP) – India remains the favoured technology outsourcing destination, an industry report said Sunday, amid concerns a rising rupee and soaring wages would blunt the country’s competitive edge. Pure-play outsourcing firms account for about 10 percent of the 50 billion dollars in revenue logged in the year ended March by […]

Sept 28, 2007 (LBO) – India’s Mahanagar Telephone Nigan Limited (MTNL) has submitted a bid over 100 million US dollars for the Sri Lankan telco Suntel, press reports from India said. A Press Trust of India report said a decision on the bid is expected within two weeks. Suntel, owned by Sweden’s Telia, runs a […]

Sept 28, 2007 (LBO) – Sri Lanka’s Dialog Telekom celco’s Malaysian parent, Telekom Malaysia, has announced the spin off of its mobile phone business into a separate firm to realize its full value and focus on expansion, news reports said Friday. The new unit, TM International, worth 8.2 billion dollars, would be the holding company […]