Category: Technology

Sri Lanka Telecom hopes to tap the overseas market to raise up to US$ 100 mn via bonds for its expansion plans next year.The issue, which is likely to come out next March or April, will be the first overseas debt paper to be offered by any Sri Lankan firm.rn rnldblquote The size of the […]

Sri Lanka Telecom is expected to come out with a price tag for Lanka Bell next week, after concluding a due diligence on the small fixed access operator.The incumbent operator has been actively pursuing Lanka Bell and slipped an engagement ring for a due diligence study in October.rn rnSLT is asking full control or at […]

The telecom watchdog on Tuesday came out of cold storage to flex its legal muscle and file charges against Mobitel (Pvt) Ltd for defying regulators orders.This is the first time in history the Telecommunications Regulatory Commission (TRC) has taken an operator to court.rn rnFiling papers at the Colombo District Court, the regulator said that Mobitel […]

Political power play has put in the balance plans by HSBC to set up a huge call center in the country.The banking giant was planning to set up a call center and a back office operation in the country and was seeking government cooperation for minor adjustments to the Labor Laws to facilitate the investments.rn […]

Sri Lanka Telecom reported a 26 percent dip in net profits for the first nine months, due to an early retirement scheme, higher operating costs and losses from its cellular subsidiary.The monopoly telecom giant said Friday that net profits fell to Rs.1.788 bn from Rs. 2.425 bn reported during the corresponding period 2002.rn rnRevenues during […]

Collection problems could bog down state plans to charge a Rs. 300 annual levy on mobile handsets as planned from next January, which works out to less than 85 cents a day.The new charge, meant to compensate the government for Value Added Tax (VAT) revenue lost due to smuggled cellular handsets entering the market, will […]

The telecom watchdog won the first round against Mobitel on Wednesday, when the Court Appeal rejected a stay order put forward by the cellular operator.Mobitel Lanka Ltd sought legal recourse, after the Telecommunications Regulatory Commission (TRC) asked the cellular operator to withdraw its promotional GSM offer last Friday.rn rnThe cellular operator started trial runs for […]

The eSri Lanka initiative is expanding the market space for small and medium scale businesses by taking them online. The pilot project under the new ICT Agency will offer SMEs shop space in Cyber space, with each member having their own web page with a company profile, giving details of products for sale with visuals […]

The government has tied up with the Carnegie Mellon University of US, to develop sector specific IT programmes. Initially,rnCarnegie Mellons Technology Peace Corps will work with the Science &rnTechnology Ministry to develop ICT (Information Communications and Technology)rnsolutions for the government, the agriculture and the industrial sector. rn CarnegiernMellon has developed the lquote Technology Peace Corps […]

The telecom watchdog on Friday asked Mobitel Lanka Ltd to withdraw its promotional GSM offer, with immediate effect.rnrnrnrnrnrnrnHeadlinernrnrnrnrn The cellular operator onrnTuesday, started trial runs for its GSM service, which offers free calls for allrnsubscribers who sign up during the promotional period.rn At Tuesdays launch,rnMobitel said a fully-fledged commercial launch was pending thernTelecommunications Regulatory Commissions […]

Sri Lanka Telecom Chairman, Thilanga Sumathipala expects commercial talks with Lanka Bell to kick off in four weeks, when the ongoingtechnical and financial due diligence process ends.rnSumathipala told Lanka Business Online that the cumbersome process of checking physical infrastructure involved in a technical due diligence was taking time. He expects SLT engineers now on the […]

During its two month trial period, the cellular operator will give free outgoing and incoming calls to customers who sign up on its new GSM network. rn rnOfficials expect the Telecommunications Regulatory Commission (TRC) to make up its mind by January 2004. rn rnKey areas requiring approval include incoming and outgoing tariffs and monthly rentals.rn […]