Category: Technology

The long overdue national communications policy got cabinet approval earlier in the week, with plans now afoot to hasten its rollout.Secretary to the Ministry of Mass Communication, Kumar Abeyasinghe told Lanka Business Online that the policy was approved by cabinet and was now looking at implementing it as soon as possible.rn rnMeanwhile, stringent laws strengthened […]

Investing US$ 70 million over the next two years to put in place a 2.5 G GSM core network, Mobitel intends to expand its coverage into the all major cities including the north and east.rn rnGoing according to schedule, a fully functional 2.5G GSM network is expected by mid 2003.rn rnOfficials say the selected 2.5G […]

Foreseeing the opportunities Sri Lanka would miss with every postponed day, policy makers are pitting the final touches to rollout the national Information Communication and Technology (ICT) Policy before end November. Previously scheduled to follow the National Communication Policy, industry officials say delays in getting the piece of legislation off the ground prompted them to […]

Sri Lankas first quoted tech firm has stepped up its distribution network as it speeds ahead to become a local health portal.A Rs. 70 mn joint venture between Millennium Information Technologies and Ayojana Fund Management, eChannelling Ltd, allows patients to channell doctors at Colombos top private hospitals through the Internet.rn rnAs an e-commerce start-up, eChannelling […]

Sri Lanka Telecom is set to open its share issue on November 12, with the listing dated scheduled for November 25. A circular to stockbrokers from the issue managers DFCC says 225 million shares or 12.5 per cent of SLT would be offered to the public.rn rnThe main board listed shares will be priced between […]

Sri Lanka quote s largest IPO was fully subscribed and closed on Friday.rn rnGovernment offered a 12% stake in Sri Lanka Telecom with an option to sell a further 3 percent stake in the case of an over subscription.rn rnOnce listed in December or early January the company will become the largest capitalized company in […]

Sri Lanka Telecom is going public at a time when telecom shares are taking a beating in global markets. SLT Chairman Thilanga Sumathipala says that the SLT is look at a parcel between 12-20%%rn rnldblquote Before December 31 we will be going for the local IPO, dblquote he says.rn rnBut SLTs core profits are now […]

Computers have changed the way business is done over the last decade. Companies with networked computer systems are putting more information at the fingertips of employees.rn rnExperts say that when these systems fail the cost begin to rise. rn rnTo have a running system has become as important as having a networked computer system in […]

Visual Computing systems launched state-of-the art software to enable local companies to tap the growing market for Computer Aided Design. The company says the software by PTC a leader in CAD products enables detailed designs to be done faster and with more precision.rn rnVisual computing also plans to set up a training program for CAD […]

The government has decided to limit Sri Lanka Telecoms public offering to the local market, amidst speculations of an impending snap poll.Plans to issue Luxembourg traded global depository receipts as part of its public offering to foreign investors has been put off to next year, SLT Chairman, Thilanga Sumathipala told Lanka Business Online in an […]

Cellular operator, Celltel Lanka has introduced a secure mobile wallet, which enables its customers to make payments through text messages.The first of the kind in the region, the lquote CellWallet provides encrypted electronic storage for information pertaining to a users credit cards, debit cards, bank accounts and other personal data.rn rnThe product is jointly developed […]

In a bid to get a competitive edge Lanka Bell has tied up with Harris Corporation of USA to bring in a High-end wireless broadband network. Forty data links have already been installed.rn rnLanka Bell plans on providing this technology to residential customers as well.rn rnBellnet is expanding with a Cyber Caf’e9, which will open […]