Category: Technology

HELSINKI, September 3, 2013 (AFP) – Beleaguered Finnish mobile phone maker Nokia will sell its mobile phone unit to US group Microsoft for 5.44 billion euros ($7.17 billion), it said on Tuesday. NSN, which is specialised in high-speed mobile broadband, was set up as a joint venture between the two companies in 2007, a partnership […]

Sept 03, 2013 (LBO) – Lanka Bell, a fixed access telephony unit of Distilleries Corporation of Sri Lanka group is to launch fourth generation services.“Lanka Bell will launch a 4G-LTE Network in the next financial year, which will position Lanka Bell amongst the other next generation telecommunication service providers in the country,” chairman Harry Jayawardene […]

Sep 02, 2013 (LBO) – MillenniumIT, a unit of London Stock Exchange group based in Sri Lanka said it had become the first firm to be a ‘Silver Certified Partner’ of Cisco System, a network equipment maker. Gladwyn Georgez, head of networking business at MillenniumIT said the award of the Silver status is recognition of […]

Aug 29, 2013 (LBO) – A top official of Google, an information technology company will be in Sri Lanka on a chief executive officer’s briefing organized by the island’s IT industry. SLASSCOM, Sri Lanka’s IT and software chamber, said Ann Lavin, director, policy and government affairs, Greater China and Asian growth markets, Google, will deliver […]

Aug 23, 2013 (LBO) – India’s Bharti Airtel is in talks with UAE-based Etisalat to sell its Sri Lanka unit, which is too small to make money in the highly competitive market, a media report said. India’s Economic Times said citing two unnamed sources said Standard Chartered was advising Airtel on the sale and the […]

SEOUL, August 21, 2013 (AFP) – News that Samsung will unveil a “smartwatch” next month has sent rumour mills into overdrive within the tech community as it second guesses what the much-hyped gadget will offer. Wearable computing, including Google’s smart glasses, is considered the next frontier in consumer electronics following smartphones. Apple has long been […]

PARIS, August 17, 2013 (AFP) – South Korea’s Samsung Electronics will unveil its new Galaxy Gear “smartwatch” early next month, ahead of Apple’s iWatch, Bloomberg news and a fan site said Saturday.The Galaxy Gear, which will allow users to make calls, access email and even surf the Internet, will launch on September 4, said the […]

NEW YORK CITY, August 14, 2013 (AFP) – Having turned print media upside down, the Internet now is disrupting television, forcing broadcasters to adapt to tablets and video-on-demand to hold onto views and advertisers. Viacom and CBS have seen their income stemming from program distribution rights leap 28 and 22 percent respectively, due in part […]

Aug 06, 2013 (LBO) – Profits at Sri Lanka Telecom group dropped 10 percent to 713 million rupees in the June 2013 quarter from a year earlier, and firm said it was continuing to invest in new technology to meet customer needs. The group reported earnings of 1.60 rupees for the quarter interim accounts filed […]

Aug 03, 2013 (LBO) – Profits at Sri Lanka’s Dialog Axiata rose 11 percent to 950 million rupees in the June 2013 quarter, amid forex losses coming from currency depreciation, the company said.At its core mobile unit, revenues grew 12.5 percent to 13.7 billion rupees and profits rose 14.9 percent to 985 million rupees. Dialog […]

July 31, 2013 (LBO) – Sri Lanka-based MillenniumIT, a unit of London Stock Exchange group said it had won deal to sell its securities trading platform to Argentina. MillenniumIT software is running in around 30 locations around the world. Recast The London Stock Exchange group said Wednesday it had been selected as technology partner for […]

July 29, 2013 (LBO) – Investments in Sri Lanka’s by Dialog Axiata group, a unit of Malaysia’s Axiata is reaching 1.5 billion US dollars with a 150 million US dollar network and fibre optic capacity, officials said. The latest investment agreement inked with the Board of Investment of Sri Lanka for 150 million dollars will […]