Category: Technology
Final bids on Yahoo core assets to conclude soon
July 15, 2016 (LBO) – The drawn-out auction for Yahoo’s core internet business will soon draw to a close, with final bids for the services, which include Yahoo’s search, email, advertising and media operations, due Monday. The board is set to make a decision soon afterward on the confidential bidding, CNBC reported. The sale of […]
Sri Lanka up two notches in Networked Readiness Index 2016
July 07, 2016 (LBO) – Sri Lanka has been ranked 63rd among 139 countries in the 2016 Networked Readiness Index showing a marginal improvement on its previous 65th place rank in 2015. The island nation ranked 76th in 2014 and 69th in 2013 in the Networked Readiness Index. The index measures how economies use the […]
Hans Wijayasuriya wins outstanding Asia mobile contribution award
July 01, 2016 (LBO) – Hans Wijayasuriya, group CEO of Axiata Dialog and the regional CEO for South Asia, Axiata Group, has won the Outstanding Contribution to the Asian Mobile Industry Award given by GSMA. “The award recognises sustained or extraordinary contributions by individuals, organisations or collaborative achievements that advance the value and benefits of […]
CICT launches country’s first mobile app to track movement of containers
A new level of convenience and sophistication has been introduced to keeping track of containerised cargo by Colombo International Container Terminals (CICT) with the launch of a mobile app for the purpose. A first for Sri Lanka’s port industry, CICT’s ‘eZPort’ app for smartphone users can be downloaded free from the App Store or Android […]
Cabinet approves construction of LRT after JICA feasibility study
June 29, 2016 (LBO) – The cabinet nod has been given to obtain JICA assistance to conduct a feasibility study and immediately commence the construction of light rail transit system in the western region of Sri Lanka. The proposed system will be put up along the Colombo Fort – Kollupitiya – Bambalapitiya – Union Place […]
Sri Lanka may approve two blocks for exploration and drilling: PRDS
June 27, 2016 (LBO) – Sri Lanka could shortly approve petroleum exploration and drilling for two blocks in the Cauvery basin, as bidders in the 2013 licensing round have recommitted to their bids, a government official said. “The government has already gone through the approval process for these bids, and bidders have recommitted to their […]
Huawei’s flagship P9 unveils in Sri Lanka
June 25, 2016 (LBO) – Huawei, one of the fastest growing smartphones in Sri Lanka, yesterday unveiled their flagship smartphone Huawei P9 at a vivid ceremony. Huawei’s partnership with German firm Leica has created a smartphone with a groundbreaking dual-lens camera that can shoot vivid color and crisp black-and-white to produce images with greater depth […]
Sri Lanka’s First VoLTE Service on Dialog’s LTE Networks
Dialog Axiata,Sri Lanka’s premier connectivity provider announced Wednesday 22nd June 2016, that the 4G-LTE Networks operated by the Dialog Group had been enabled with VoLTE (Voice over LTE) capability. The Dialog Group operates a Mobile 4G Network based on FD-LTE technology and a Fixed 4G Network based on TD-LTE. VoLTE is an acronym for Voice over LTE, which leverages […]
SLT, TRC ink deal to power Lotus Tower
Jun 21, 2016 (LBO) – Sri Lanka Telecom (SLT) and the Telecommunications Regulatory Commission of Sri Lanka (TRCSL) signed a Memorandum of Understanding (MoU) to be the telecommunication service partner for the Lotus Tower project, recently. “With the signing of the MoU, SLT will bear sole responsibility for building the ICT Infrastructure for the Lotus […]
York Street Partners, Ikman.lk convene startup investor and entrepreneur forum
June 19, 2016 (LBO) – York Street Partners (YSP), Sri Lanka’s boutique investment bank, joined forces with Ikman.lk, the largest local online marketplace, to host Startup Investor and Entrepreneur Night. The event drew attention to the need for deepening relationships and understanding between entrepreneurs and investors, with the goal of increasing the flow of capital […]
‘s Dialog demonstrates internet speed of 1 Gbps
Jun 18, 2016 (LBO) – Sri Lanka’s Dialog telecom, a unit of Malaysia’s Axiata Group, said they established the capability to deliver super broadband connectivity that is 10 times faster than the fastest connection currently available. “Sri Lanka established yet another milestone on the region’s Broadband Technology landscape today with an exposition of South Asia’s […]
Huawei Y3II and Y5II to revolutionize entry range smartphone market in Sri Lanka
Reaches 23.3% Sri Lankan smartphone market share in Q1 2016 – GFK Reports Huawei, the fastest growing smartphone in Sri Lanka, announced the launch of two new entry level smartphones in Sri Lanka Y3II and Y5II from the Y Generation family of smartphones. The Y5II both 3G and 4G version is available from LKR 14,199 […]