Category: Technology

Mar 28, 2013 (LBO) – Sri Lanka’s Dialog Axiata has paid 3.2 billion rupees to buy a 10Mega Hertz block of spectrum in the 1,800MHz band which can be used for fourth generation high speed mobile broadband, telecom regulator Anusha Pelpita said. Mobitel and Etisalat had also participated in the spectrum auction by Sri Lanka […]

Mar 28, 2013 (LBO) – Sri Lanka is allowing spectrum sharing and domestic roaming to promote shared resources and cut costs so that broadband tariffs can be kept low, the telecom regulator said. “We are allowing spectrum sharing,” director general of the telecommunications regulatory commission of Sri Lanka (TRCSL) Anusha Pelpita said. “We will not […]

Mar 22, 2013 (LBO) – Fitch ratings said it had confirmed a ‘BB-‘ rating of Sri Lanka Telecom with a stable outlook helped by its strong market leadership in fixed services and a number two position in mobile.“SLT’s ratings reflect its market-leading position in Sri Lanka’s fixed-line services underpinned by its monopoly in wireline and […]

Mar 21, 2013 (LBO) – Sri Lanka Urban Development Authority and the military is building a ‘knowledge park’ in the capital Colombo at the cost of about seven million US dollars which will be ready by the year-end, officials said.Defence secretary Gotabaya Rajapaksa told business forum of Sri Lanka’s software and business process outsourcing chamber […]

Mar 18, 2013 (LBO) – Dialog Axiata Plc, Sri Lanka’s largest cellco said it has launched two own brand Android based handsets with which it hopes encourage mass-adoption of Smartphones in the country.Hans Wijesuriya, group chief executive of Dialog Axiata said the move will allow every citizen to afford a Smartphone. He said the Dialog […]

Mar 14, 2013 (LBO) – Julian Persaud, managing director of sales and operations of Google for Southeast Asia will participate in a business forum with Sri Lanka’s information technology companies on March 19.Persaud will also be on a panel with Madu Ratnayake, General Manager ,Virtusa,Sri Lanka, Sanath Fernando-CEO, Ridgecrest Asia (Pvt) Ltd and Chandika Jayasundara-CEO, […]

Mar 14, 2013 (LBO) – Paycorp International, an Australia based firm will set up an outsourcing unit in Sri Lanka employing 100 persons, the state investment promotion agency said.Paycorp will invest 4.4 million US dollars in the project, the Board of Investment of Sri Lanka, which give tax breaks for foreign investments said. “Culturally and […]

Mar 08, 2013 (LBO) – A joint project by the World Bank, Microsoft and Sarvodaya-Fusion, a Sri Lanka based charity promoting information technology has launched a grant competition where youth in four South Asian nations can get up to 20,000 dollars for a winning project.The grant competition called ‘Youth Solutions!Technology for Skills and Employment’ will […]

Mar 04, 2013 (LBO) – Volume, a UK-based digital marketing applications firm that makes web and mobile applications has set up a technology hub in Sri Lanka, which they hope to grow to serve markets in multiple time zones, officials said.“Our office in Colombo will become an important regional hub for our business,” Chris Sykes, […]

Mar 04, 2013 (LBO) – The headcount of Sri Lanka’s major export software and outsourcing firms have grown 14 to 21 percent a year during the past three years, according to a salary and benefits survey among its members, an industry association said. A 2010 report, The ICT Export Value Survey 2010, commissioned by Sri […]

Feb 20, 2012 (LBO) – Sri Lanka Telecom group, the island’s only wireline operator which also has a mobile unit has reported profits of 877 million rupees for the December 2012 quarter down 29 percent from a year earlier. SLT Publications had seen revenues grow 25 percent to 516 million rupees and pre-tax profits growth […]

Feb 18, 2013 (LBO) – Sri Lanka’s Dialog Television (DTV) a unit of Dialog Axiata offering satellite based pay television said subscribers grew 23 percent to 264,000 in 2012 from a year earlier. But profits after tax fell 57 percent to 11 million rupees in 2012 from a year earlier due to an equipment write-down, […]