Category: Technology

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 […]

June 14, 2012 (LBO) – South Asians continue to pay more for their international roaming call charges when they travel within the region, despite a pledge in 2008 by regional heads to trim costs, a think-tank said. A Maldivian roaming in Bangladesh will pay 345 times more for a local call, the study showed. Sri […]

June 13, 2012 (LBO) – Sri Lanka’s Dialog Axiata had launched a mobile payment service through which its 7.5 million customers can send and receive money through a ‘virtual wallet’, officials said. The mobile payment service can be used to pay utility bills or to payments at thousands of shops across the island, Fariq Cader, […]

June 07, 2012 (LBO) – Sri Lanka’s mobile subscribers grew in single digits in the first quarter of 2012 from a year earlier and wireless fixed access users dropped from a quarter earlier, two years after telephones in use first exceeded the population. Wireline use picked up after Sri Lanka Telecom started to promote broadband. […]

June 05, 2012 (LBO) – Mobile phone makers have shipped over two million units to Sri Lanka with a market value of 22. 4 billion rupees in 2011 with Nokia having a 46 percent share, a market research firm based in India has said. CyberMedia Research (CMR), a computer and electronic market research firm said […]

June 02, 2012 (LBO) – Sri Lanka Financial Services Bureau, an interbank connectivity service provider, is scouting for telecommunication opportunities in South Asian banks, a company official said. “We did a testing to provide offshore connectivity with a local bank branch in Bangladesh and it was successful,” Rajaratne said. “Sri Lanka has some of the […]

May 29, 2012 (LBO) –Sri Lanka’s e-Channelling Plc, which runs a booking engine for doctors, said its profits rose nine-fold to 73.88 million rupees in the year to March 2012 from a year earlier, on the back of higher revenues. The firm reported earnings of 60-cents per share 2012. The stock closed down 10-cents to […]