Category: Technology

Sri Lanka Telecom plans to issue Luxembourg traded global depository receipts as part of its public offering to foreign investors. Top SLT officials said the book building exercise for a 15 percent slice, is tipped to start after November 15, for the dual listing in Colombo and Luxembourg.rn rnDFCC Bank will manage the IPO, with […]

Leading chipmaker Intel is bullish about the local market for its products. The company says the high social indicators and low penetration of computers leaves a lot of room for expansion.rn rnldblquote Earlier this year 1 billion PCs were sold in the world. If you look at the way they were used 75% was sold […]

Computer software giants world over, make money by selling proprietary products. However few software developers in emerging economies market proprietary software products.Local policy markers want software developers to market their own products creating more value.rn rnAn IT roadmap the government is working on also seeks to establish the country as a world class IT center. […]

Despite a lack of hype, Lanka Cellular Services, a subsidiary of Hutchison Whampoa Limited will roll out three more GSM switches in Colombo, Kandy and Galle as part of its ongoing network expansion.Hutchison, primarily operating an Analog service, has already deployed a number of Global Standards for Mobile communication (GSM) switches outside Colombo.rn rnThe three […]

Sri Lanka Telecom says it has completed the initial phase of developing the dilapidated telecommunications network in Jaffna.Project Hope, which was to provide 4000 new telephone lines in Jaffna peninsula, has now been expanded to 5,300.Out of these lines Jaffna will have 3,600 while Point Pedro 1,700, SLT said in a statement Tuesday.rn rnSince launching […]

Intel Corp Tuesday introduced its highest performing desktop microprocessor, the new versions of Pentium 4 chip.At speeds now up to 2.8 GHz, the new processors allow computer users to enjoy broadband audio and video content, games, music, photos and movies.rn rnldblquote The latest Pentium 4 processors, when combined with Intels newest chipsets and the latest […]

Economic Reforms Ministry is seeking a consultant to draft laws for a super regulator for telecom, cable and broadcast media.The call for Expressions of Interest went out on Friday after the Mass Communications Ministry announced plans to set up the super regulator.rn rnThe planned legislation will create a competition centered, transparent and simple regulatory framework, […]

Sri Lanka Telecom has agreed to buy out the foreign shareholder in its associate company, Mobitel for 9.6 million dollars.Australian telecom giant Telstra, which owns a majority sixty percent stake in Mobitel, will sell the stake to SLT who owns the balance 40 percent stake. rn rnIndustry watchers say the two companies have already signed […]

The Science & Technology Ministry sent out calls on Friday for a consultant to lay the groundwork for a telecomm and ICT regulator.Under the procurement procedure, the consultant has to write out the terms of reference or TOR for the new super regulator.rn rnThe TOR will set the base for another consultant to draw up […]

Sri Lanka Telecom on Friday sealed a deal to buy out Telstras 60 percent stake in cellular operator Mobitel.SLT currently owns 40 percent of Mobitel, which is worth around Rs.188 mn.rn rnSources close to the deal said SLT drove a hard bargain to pick up the remaining parcel at around US$ 9.6 mn.rn rnDespite signing […]

The Mass Communications Ministry on Thursday announced plans to set up a super watchdog to regulate telecomm, cables and broadcasting industry.The new legislation will create a competition centered, transparent and simple regulatory framework, which will be debated in parliament by early 2003, Mass Communication Minister, Imthiasz Bakeer Markar said in a statement.rn rnBy covering the […]

The Telecommunications Regulatory Commission has picked an Australian based law firm to map out a fresh route to interconnect between operators.The TRC said Arculli and Associates, a Sydney based law firm operating out of Hong Kong, has been selected for its experience in corporate, technology and communications spheres in the Asian Region.rn rnFunded through an […]