Category: Technology

May 22, 2013 (LBO) – Sri Lanka based MillenniumIT a unit of London Stock Exchange has appointed John Mackay Gill, ex-senior vice president of SunGard Data System Inc of the US as its chief executive. “Mack has had an exceptional career at SunGard and has a wealth of experience in financial services technology, operations, product […]

May 22, 2013 (LBO) – Web searching in Sri Lanka for consumer products have rocketed with rapidly falling device and access prices, giving opportunities for radically different ways of doing business, a Google official said.“The search trends for all categories in Sri Lanka have increased anywhere between 12 to 25 times, be it automobile category […]

May 16, 2013 (LBO) – Mobitel, a unit of Sri Lanka Telecom has made a profit of 640 million rupees in the March 2013 quarter, turning around from a loss of 950 million rupees, a year earlier, its parent said.Losses last year came from currency depreciation, the firm said. Revenues had grown 10 percent to […]

May 15, 2013 (LBO) – Profits at Sri Lanka Telecom group the island’s sole wireline operator which also has mobile services rose 226 percent to 1.6 billion rupees recovering from forex losses suffered last year.The group reported earnings of 89 cents per share. Revenues rose 5 percent to 14.4 billion rupees in the quarter and […]

May 15, 2013 (LBO) – International and local experts will discuss the future of e-ecommerce which is now growing very fast in the Asia-Pacific region with growing internet penetration and legal reforms that help internet transactions, at a forum in Colombo. Sri Lanka Association of Software and Service Companies said a ‘CXO Briefing’ on May […]

May 13, 2013 (LBO) – Sri Lanka’s Dialog Axiata said it is buying a pay TV operator for 800 million rupees to gain control of 2.3GigaHertz brand spectrum which will be used for fixed broadband services. Dialog, a unit of Malaysia’s Axiata, said its fixed access division, Dialog Broadband Networks (Pvt) Ltd has entered into […]

May 11, 2013 (LBO) – Sri Lanka Telecom said it had provided telecom facilities to Mattala Rajapaksa International Airport for all services and commercial partners to operate effectively. “We assure MRIA of our utmost commitment to provide the highest quality and most reliable services always,” Kiththi Perera, head of SLT’s enterprise and wholesale business said […]

By Arun Perera May 10, 2013 (LBO) – Samsung hopes to double phone sales in Sri Lanka in 2013 to one million handsets with smart phones making up 40 percent of the total, official said. “We have seen a growth in the mobile market of Sri Lanka and the market is adapting to smartphones, especially […]

May 09, 2013 (LBO) – Sri Lanka’s Dialog Axiata reported profits of 1.59 billion rupees in the March 2013 quarter from a loss of 540 million rupees made a year earlier mostly due to currency depreciation. The group reported earnings of 20 cents per share, in accounts filed with the Colombo Stock Exchange. In mid-day […]

May 09, 2013 (LBO) – Sri Lanka’s Dialog Axiata said its pay television users grew to 274,000 by March 2013 from 264,000 in December, up 25 percent from a year earlier while mobile subscribers topped 8.0 million. . Revenues in the pay TV business rose 25 percent to 848 million rupees in the March quarter […]

May 01, 2013 (LBO) – Sri Lanka’s Dialog Axiata which is in a consortium of telecom firms that is building a submarine cable system running from Malaysia to the Middle East through South Asia said it would increase international connections. “The provision of this alternate artery will provide a tremendous boost to the overall connectivity […]

Apr 30, 2013 (LBO) – Sri Lanka’s Dialog Axia, its parent Telekom Malaysia, UK’s Vodafone and Middle Eastern operators are teaming up to build an 8,000 kilometer undersea cable system, consortium partner Reliance Industries Limited of India said.The cable system is expected to be operating by end 2014. The ‘Bay of Bengal Gateway’ submarine cable […]