Category: Technology

June 08, 2007 (LBO) – Dialog Telekom signed up with Board of Investment to invest 33 billion rupees (300 million dollars) to expand existing services and set up broadband fibre optic and microwave transmission networks across the island. As an internal conflict intensifies, telecoms remain one of few remaining growth sectors. The investment to be […]

June 8, 2007 (LBO) – The first of a series of ‘cyber-centers’ that will link rural business in Sri Lanka with the internet has been opened in the central hill town of Matale, the United States embassy said.The public private partnership where Qualcomm, Microsoft, and Sri Lanka’s Dialog Telekom InfoShare, National Development Bank, and Lanka […]

June 07, 2007 (LBO) – A pioneer of Sri Lanka’s information technology sector, who headed two government agencies dealing with ICT and also founded a computer faculty in Sri Lanka has passed away. . Professor V. K. Samaranayake, 68, had died in Sweden, Wednesday, a spokesperson for Sri Lanka’s ICT Agency of which he was […]

June 7, 2007 (LBO) – Alcatel-Lucent, the largest telecom equipment manufacturers in the world, opened a branch in Sri Lanka Thursday saying sales have doubled in the island during the last two years. “All the south Asian markets are very competitive. We will continue to provide support to our customers and we will push for […]

May 29, 2007 (LBO) – Ceylinco Insurance is tapping into Sri Lanka largest mobile subscriber base with a pre-paid card insurance scheme with Dialog Telekom, officials said. Sri Lanka’s insurance penetration remains poor at three percent for an island of 20 million people. The accident insurance cover package premiums are priced between five and 20 […]

May 24, 2007 (LBO) – Shareholders of Dialog has approved its 15.5 billion rupee rights issue which is the highest cash call made on the Colombo Stock Exchange, the company said. Dialog says the financing forms a part of a larger medium term funding programme, which would include more local and off-shore debt infusions to […]

May 22, 2007 (LBO) — Sri Lanka plans to allow third parties to operate payphone booths in an attempt to popularise them in far flung areas outside the city of Colombo, a top official said. The island’s eight public switched telephone network (PSTN) operators will now be allowed to appoint a third party to operate […]

May 19, 2007 (LBO) – Information technology has a component that gives the technology a competitive advantage in business, IT specialists say. That component gets commoditised but companies must come up with new components to stay on the top, they say. œThere is definitely a component of IT which is really giving the competitive advantage […]

May 18, 2007 (LBO) — Sri Lanka’s telecom watchdog has given the island’s first Internet service provider, Lanka Internet Services Ltd., extra time to restore services to thousands of customers currently stranded offline, after the company halted services, a top official said. Lanka Internet hit financial difficulty in March with the senior management disappearing without […]

May 18, 2007 (LBO) – A new deal between the buyer of Japan’s NTT stake in Sri Lanka Telecom and the government is being hammered out in a way that will protect the interests of the 49 percent state holding, a top government official said. Treasury Secretary P B Jayasundera told reporters there was no […]

May 17, 2007 (LBO) – Telekom Malaysia sold a small part of its 87 percent stake in Dialog Telekom Thursday, driving turnover on the Colombo bourse to an all-time high of over 6.6 billion rupees. More than 233.6 million Dialog shares, part of the seven percent placement, done by CT Smith Stockbrokers, went through at […]

May 16, 2007 (LBO) – Telekom Malaysia is planning to sell about seven percent of its share in its Sri Lankan subsidiary but would be buying into a rights issue of Dialog Telekom, irrespective of whether a sell down happens or not, an official said. “We are looking at the possibility of selling down seven […]