Category: Technology

Nov 05, 2012 (LBO) – MillenniumIT, a Sri Lanka based unit of the London Stock Exchange group said its automated trading system (ATS) has replaced a manual open outcry system at the stock exchange in Botswana. MillenniumIT says its software is now live at over 30 customer sites and securities exchanges around the world. Tony […]

Nov 01, 2012 (LBO) – Profits at Dialog Axiata, Sri Lanka’s largest cellco surged 273 percent to 4.7 billion rupees in the September 2012 quarter from a year earlier, partly due to a tax reversal, interim accounts showed. Dialog has opted for a 2.0 percent tax based on turnover at the end of a tax […]

Nov 01, 2012 (LBO) – Dialog Television, a direct-to-home pay television service run by the Sri Lanka’s unit of Malaysia’s Axiata group said subscribers rose 50,000 over the past year to top 250,000 by end September 2012. Revenues had grown 29 percent to 2.2 billion rupees for the nine months ending September 2012, and earnings […]

Oct 24, 2012 (LBO) – Sri Lanka’s East West Properties Plc, which has interests in warehousing and tourism will rent out broadcast towers after it acquired a media firm with access to spectrum. East West Properties and the time funded the project with a loan, according information disclosed in annual reports at the time. East […]

Oct 22, 2012 (LBO) – Software developed by Sri Lanka based MilleniumIT, will be used by the London Metal Exchange (LME) for its real time multi-asset class surveillance system, the unit of the London Stock Exchange Group said. “We are very happy that the London Metal Exchange has chosen Millennium Surveillance as its new surveillance […]

Oct 09, 2012 (LBO) – Fitch Ratings has confirmed an ‘AAA(lka)’ rating with a stable outlook citing support from its Malaysia-based parent and said its stand alone credit profile had improved to ‘AA ‘AA+(lka)’ from ‘AA(lka)’. “Dialog’s standalone credit profile is strong, and has improved between 2010 and 2012, helped by a benign competitive environment […]

Oct 03, 2012 (LBO) – A telecom regulators forum in Sri Lanka’s capital Colombo is looking at ways to create better conditions to foster information technology as broadband coverage takes holds around the world officials said. Lalith Weeratunga, chairman of Telecommunications Regulatory Commission of Sri Lanka said regulator had to strike a balance between regulation […]

Oct 02, 2012 (LBO) – Sri Lanka Telecom, the island’s largest telecom provider says it is providing high speed connections to all sporting venues during the Twenty20 world cricket championships being held in the island. SLT has provided fibre optic links to cricket stadia in Hambantota and Galle in the south, Pallekele in central Sri […]

Sept 18, 2012 (LBO) – Mobitel, a unit of Sri Lanka Telecom, the island’s largest telecom group has signed a 40 million US dollar deal with China’s ZTE to build base stations, and Huawei, another Chinese firm to expand network capacity. Huawei said in a statement that it had inked a deal to renovate and […]

Sept 13, 2012 (LBO) – Mobitel, a unit of Sri Lanka Telecom said it was providing a Master of Business curriculim on its ‘mLearning’ in partnership with Sri Lanka’s Kelaniya University. The ‘MBus’ modules could be accessed through Mobitel’s mobile broadband links. Mobitel, chief executive Lalith De Silva said the facility would help as it […]

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 […]