Category: Technology

Nov 09, 2011 (LBO) – Virtusa Corporation, a Nasdaq listed information technology company founded by Sri Lankan born entrepreneurs has been included in a list of 100 small best small companies in America, the company said. “We are delighted to be recognized on Forbes’ list of 100 Best Small Companies in America, said Kris Canekeratne, […]

Nov 08, 2011 (LBO) – Sri Lanka Telecom, the island’s only wireline operator, which also owns a mobile firm said profits rose 3 percent to 1,058 million rupees in the September 2011 quarter from a year earlier, with revenues staying flat at 12. 6 billion rupees. The group said broadband and mobile services were growing […]

Oct 28, 2011 (LBO) – Sri Lanka’s Etisalat cellular network said it will host a forum on Android, an operating system for mobile devices, with experts from Google, smartphone makers will be taking part. “The goal of the Android Forum is to give the public a chance to see the limitless possibilities that will be […]

Oct 28, 2011 (LBO) – Sri Lankan mobile phone operator Dialog Axiata’s September 2011 quarter group net profit fell 17. 7 percent to 1.4 billion rupees from a year ago with sharply higher tax costs as well as finance expenses. Sales rose 10.3 percent to 11.7 billion rupees. Diluted earnings per share rose to 26 […]

HONG KONG, October 19, 2011 (AFP) – South Korea’s Samsung Electronics Wednesday unveiled its new smartphone that runs on Google’s latest Android operating system, the latest weapon in its battle to topple Apple’s iPhone. The launch of the “Galaxy Nexus”, which comes days a after the new iPhone 4S went on sale, was initially scheduled […]

Oct 13, 2011 (LBO) – Sri Lanka’s largest mobile phone operator Dialog Axiata is offering a satellite navigation application tool for mobile phones that can be downloaded from the web. The application will help Dialog Subscribers find direction, plot routes and find places of interest, a statement said. The Dialog SatNav system has voice support […]

Oct 07, 2011 (LBO) – Sri Lankan mobile phone operator Dialog Axiata has retained its ‘AAA(lka)’ Fitch rating with a stable outlook, remaining the top player albeit with reduced market share while lowering revenue exposed to the overcrowded mobile industry. At the same time, Fitch said in a statement it has confirmed Dialog’s cumulative redeemable […]

SAN FRANCISCO, October 6, 2011 (AFP) – Steve Jobs was once known as the man who saved Apple computers. He will be remembered as one of the rare few who changed the world. Jobs guided Apple from the brink of financial ruin to a lofty place among the world’s most valuable companies before his death […]

CHIBA, October 4, 2011 (AFP) – Smartphones detecting bad breath and radiation, twistable remote controls and a super-thin tablet computer featured among the cutting-edge gadgets at Asia’s biggest tech fair in Japan Tuesday. Around 600 firms unveiled their innovations at the Combined Exhibition of Advanced Technologies (Ceatec) exhibition in Chiba, near Tokyo, expected to draw […]

Sept 28, 2011 (LBO) – Sri Lankan mobile operator Dialog Axiata has struck a deal with Singapore’s StarHub mobile firm to offer customized international connectivity solutions to customers. “The partnership is focused on delivering the lowest cost connectivity solutions with strict service levels between Sri Lanka and Singapore using each other’s network,” a statement said […]

Sept 26, 2011 (LBO) – PC House, a Sri Lankan information technology company, has bought a 90 percent stake in Infoserve (Private) Limited for 45 million rupees. The company also has a firm revenue stream from computer hardware and software sales and setting up networks. Infoserve is a company based in Sri Lanka providing Internet […]

Sept 20, 2011 (LBO) – Sri Lanka’s mobile users grew 14. 5 percent to 18.1 million in the second quarter of 2011 from a year earlier down from an 18. 5 percent expansion seen in the first quarter, official data showed. Wireless fixed usage contracted 2. 5 percent to 2.68 million in the second quarter […]