Category: Technology

May 15, 2007 (LBO) – Sri Lanka Telecom (SLT) said Tuesday it has received BOI status from the Board of Investment that would enable it to import and buy locally project-related items free of customs duty. However, the company would not be exempt from income tax like other firms with BOI tax concessions. SLT Chief […]

May 15, 2007 (LBO) – Sri Lanka’s Board of Investment Tuesday said it had given approval for India’s largest publicly-listed telecom firm, Bharti Airtel, to be the island’s fifth mobile phone operator with an investment of 150 million dollars. Airtel is subsidiary of Bharti Enterprises which has interests in telecom services, equipment manufacture and export, […]

May 9, 2007 (LBO) – Sri Lanka Telecom, the country’s largest fixed access operator saw after tax profits growing by 53 percent to 1.98 billion in the March quarter, on the eve of a possible shareholder and management change. Revenue grew 14 percent to 10.9 billion rupees in the quarter, according to accounts filed with […]

May 09, 2007 (LBO) — Nippon Telegraph and Telephone, Japan’s largest phone company, said Wednesday it has still not sold its flagship investment in Sri Lanka to the owner of Malaysia’s biggest mobile operator.SLT also controls 16 percent of the country’s cellular market through its mobile phone subsidiary. “It is not a fact that we […]

May 08, 2007 (LBO) – Sri Lanka on Tuesday enacted the Computer Crimes Bill introducing legislation which gives more power to law enforcement agencies when fighting computer crimes, the government ICT agency said. “The Basis of the Computer Crimes Bill is to criminalise attempts at unauthorised access to a computer, computer programme, data or information,” […]

May 04, 2007 (LBO) – Malaysia Telekom is looking to increase the liquidity of its Sri Lanka unit’s stock, by selling down a small part of its majority stake in Dialog Telekom, the largest mobile operator in the island. “We are constantly looking at all possible options to strengthen the performance of Dialog Telekom,” Malaysia […]

May 04, 2007 (LBO) – The race to buy the fixed wireless operator Suntel has narrowed down to four contenders, with an Indian telecom firm expecting to conduct due diligence on the Sri Lankan operator soon. Originally seven firms were in the running to buy Suntel, a unit of Sweden’s Telia. “In the short-list there […]

May 3, 2007 (LBO) – Sri Lanka’s top celco Dialog Telekom revenue grew 26 percent but consolidated profits remained flat in the March quarter as newly acquired subsidiaries dragged its bottom-line down. Group profit after tax for the three months ended March 2007, was 2,426 million rupees against 2,397 million rupees last year, up one […]

April 30, 2007 (LBO) – Two Sri Lankan firms which are providing disaster recovery services for BPO firms in Sri Lanka are expanding and hunting for more business. Lanka Communication (LankaCom) and Blue Chip Customer Engineering say natural disasters and increasing unrest is driving businesses to look for disaster recovery specialists to provide business continuity […]

KUALA LUMPUR, April 30, 2007 (AFP) – Malaysia’s largest mobile operator Maxis Communications said Monday that controlling shareholder, businessman Ananda Krishna has made an offer to take the company private. Maxis said in a statement to the Kuala Lumpur stock exchange that its substantial shareholder, Usaha Tegas — Ananda’s private company — intends “to launch […]

April 26, 2007 (LBO) – Sri Lanka Telecom has received government approval to start an internet based television service, the company said Thursday. Sri Lanka Telecom shares close up 50 cents at 39 rupees. “Sri Lanka Telecom has been successful in securing a media license from the Ministry of Mass Media and Information to provide […]

April 23, 2007 (LBO) – E-chanelling.com, Sri Lanka’s only listed dot com which operates a service where doctors could be channeled online, says its service is now available through the mobile operator Mobitel. Mobitel said the service would be available for both pre-paid and post paid customers, by dialing 225. “I believe that this new […]