Category: Technology

May 10, 2014 (LBO) – Profits at Dialog Axiata, Sri Lanka’s largest mobile operator fell 21 percent from a year earlier to 1.25 billion rupees in the March 2014 quarter, amid a rise in expenses, interim accounts showed. The group which also has interests in fixed access and pay television reported earnings of 15.9 cents […]

SAN FRANCISCO, May 6, 2014 (AFP) – Google’s drive to put the future of personal computing firmly in the Internet “cloud” got a boost on Tuesday from chip titan Intel and hardware giants including Lenovo.This is particularly appealing in the education market, where teachers prefer to focus on lessons instead of tech trouble-shooting and schools […]

May 02, 2014 (LBO) – Sri Lanka’s foreign revenues from software and business process outsourcing are higher than officially estimated, but growth is constrained by talent shortfalls, an industry body which has done its own survey said. He said there was interest from investors including from abroad in the industry. “For us to meet the […]

May 01, 2014 (LBO) – Aegis Limited, an outsourcing company, has commissioned a 650-seat facility in Sri Lanka’s capital Colombo that will create 1,000 jobs over the next 12 months, officials said. “There is fantastically educated population in Sri Lanka and the country’s economy is growing rapidly with development in major sectors,” Sandip Sen, Global […]

Apr 24, 2014 (LBO) – Sri Lanka has been short listed as a contender for the ‘Offshoring Destination of the Year Award’ in Europe, which the by the European Outsourcing Association, made up of over 1000 firms from eight countries in Europe. “Sri Lanka offers a very compelling value proposition for European businesses as an […]

Apr 24, 2014 (LBO) – Sri Lanka Telecom said it would invest 415 million US dollars to expand its network, build data centres, and expand its pay TV and services to businesses over the next two years.SLT said it had invested 1.3 billion US dollars since becoming a BOI company with 485 million going for […]

Apr 12, 2014 (LBO) – Sri Lanka Telecom Plc, said it will pay Just In Time Holdings (Pvt) Ltd, which had supplied IPTV equipment, 673 million rupees, which includes legal costs and 171 million rupees in interest.Sri Lanka Telecom will make an immediate payment of 502 million rupees for set top boxes and legal costs, […]

Apr 07, 2014 (LBO) – Sri Lanka Telecom, the country’s only wireline operator said it had launched a fibre-to-the-home service offering fast broadband service through its optical fibre network.SLT said the a demonstration at the office Telecommunication Regulatory Commission of Sri Lanka (TRCSL) in Narenhpita, a suburb of the capital Colombo, reached download speeds of […]

WASHINGTON, April 6, 2014 (AFP) – It could be a difficult breakup between the US government and the Internet.A plan unveiled last month would see the US relinquish its key oversight role for the Internet, handing that over to “the global multistakeholder community.” US officials say the move is part of a longstanding effort to […]

Mar 27, 2014 (LBO) – Sri Lanka Telecom said it is forming a venture with Indian Ocean Cableship (Pvt) Ltd, a Singapore based firm, to set up an undersea cable maintenance base at Hambantota port in the island’s south.The SEA-ME-WE-05 cable, the latest in a series of cables running from South East Asia to Europe […]

SINGAPORE, March 24, 2014 (AFP) – Control of the Internet should be handed from US supervision to a diverse group of stakeholders, and not to governments that could limit freedoms, a meeting on the web’s future heard Monday.Organisers also said that a US decision to relinquish control was not the result of any one event […]