Category: Technology

Sept 10, 2012 (LBO) – Sri Lanka’s wireless fixed access users fell 6. 6 percent to 2.46 million by end June 2012, from a year earlier, with most of them dropping off in the second quarter, while wireline use expanded with broadband popularity, official data shows. Data released by the Central Bank shows that 180,796 […]

Aug 21, 2012 (LBO ) – Dubai based Etisalat Sri Lanka unit, the island’s third largest celco says it is pushing mobile broadband in a bid to increase internet penetration in the island though challenges remain for broader use. Mobile broadband is one of the fastest growing sectors in telecoms in Sri Lanka where fixed […]

Aug 16, 2012 (LBO)- Sri Lanka’s Information and Communication technology industry needs a strong eco system and branding strategy to support the development of the sector and to expand businesses globally, an Internet pioneer said. Highlighting the importance of young entrepreneurship Wang said, modern and small businesses are playing a key role in creating innovative […]

August 03, 2012 (LBO) – Sri Lanka’s Dialog Axiata PLC, the island’s largest mobile operator, said its group profits fell to 879.45 million rupees for the June quarter from 1.26 billion rupees reported in the same quarter 2011. A unit of Malaysia’s Axiata Berhard, Dialog’s group revenues grew to 14.1 billion rupees in the June […]

July 31, 2012 (LBO) — Check Point Software Technologies Limited, the world’s second-largest security networks maker, launched a new range of appliances to beef up security in Sri Lankan companies. œThe seven new appliances announced are optimised for Check Point’s Software Blade Architecture and offer approximately three times higher performance than their predecessors, Check Point’s […]

July 30, 2012 (LBO) – A trading surveillance system developed by MillenniumIT, a London Stock Exchange unit based in Sri Lanka has gone live in at the Egyptian Exchange (EGX), the company said. “We are very pleased offer our services to the Egyptian Exchange to improve its surveillance and market monitoring functionsm,” Tony Weersinghe, chief […]

July 27, 2012 (LBO) – Sri Lanka Telecom, the country’s only wireline access provider says it is planning to double its broadband users to 600,000 over the next two years with the completion of a network modernization project. SLT ‘i-Sri Lanka’ project was started in 2011 to expand the telco’s optical fibre network deploying fiber-to-the-node […]

July 17, 2012 (LBO) – London Stock Exchange group said its Millennium Exchange software has been deployed at the Mongolian Stock Exchange, making in the third location to go live with the platform after Italy and South Africa. “The development of stable, efficient and transparent capital markets infrastructure is a vital step in Mongolia’s journey […]

July 05, 2012 (LBO) –Sri Lankan firms engaging in large scale data operations could switch to storing information on remote centres over the internet, that could trim costs by up to 70 percent, IT officials said.

July 05, 2012 (LBO) – South Africa’s Johannesburg Stock Exchange (JSE) has started to use trading software by Sri Lanka based MillenniumIT, a unit of the London Stock Exchange group from July 02. The software is running live in 14 installations excluding JSE, the company said. The trading engine of the stock exchange has also […]

June 25, 2012 (LBO) – Borsa Italiana’s cash markets have migrated to London Stock Exchange group’s Millennium IT trading software which will offer new functions and flexbility. “The migration of Borsa Italiana’s cash markets to the Millennium Exchange represents an important step for Borsa Italiana and its customers,” Raffaele Jerusalmi, chief execytie of Borsa Italiana […]

June 20, 2012 (LBO) – Sri Lanka’s amateur radio operators have renewed their call to be included in communication work during national disasters, after the defence authorities relaxed rules on clearing equipment. “When everything goes down, short wave remains alive,” an enthusiastic Goonetilleke said. Their valuable role was acknowledged by the late Sir Arthur C […]