Category: Technology

Sept 06, 2011 (LBO) – Sri Lanka Telecom, the island’s largest telecom operator, said it will raise 75 million US dollars from a syndicated loan to upgrade and expand its network including Mobitel, the group mobile unit. “We are still in the process of finalizing the syndicated loan,” chief executive Gregg Young said. “The syndicated […]

Sep 01, 2011 (LBO) – A group of hackers said to be from Sri Lanka are claiming to have ‘DNS poisoned’ a series of internet servers related to domestic and foreign entities, where viewers are misdirected, using a recently exposed flaw, reports said. A patch for the flaw in DNS servers, discovered by Dan Kaminsky, […]

SAN FRANCISCO, August 24, 2011 (AFP) – Apple’s legendary co-founder and top ideas man Steve Jobs resigned as chief executive Wednesday, the company said, in a long expected move after he began a dramatic fight with cancer. In a written statement, Apple, the world’s second biggest company by market capitalization, announced that chief operating officer […]

Aug 23, 2011 (LBO) – Virtusa, a US-based firm which has a development centre in Sri Lanka, has struck a deal with the island’s vocational training body to provide information technology skills to its graduates. Virtusa, headquartered in Massachusetts, has offices in the United States and the United Kingdom, and global delivery centres in India […]

SAN FRANCISCO, August 12, 2011 (AFP) – US technology giant Hewlett-Packard (HP) on Thursday cut the price of its freshly-launched TouchPad tablet computers in a bid to gain traction in a market dominated by Apple’s iPad. TouchPads with 16 gigabytes of memory were offered on the HP website for $400 and models with 32 gigabytes […]

Aug 09, 2011 (LBO) – Sri Lanka Telecom said 19 labour unions are engaged in trade union action but services to customers are being maintained. Union leaders meanwhile have made statements against SLT Manpower, a new unit, saying that workers recruited through the firm are being paid lower salaries. The firm said in a stock […]

Aug 09, 2011 (LBO) – Sri Lanka Telecom, the island’s only wireline operator which also has a mobile unit, said its June 2011 quarter profits rose 49 percent to 1,142 million rupees with revenues flat at 12. 4 billion rupees. The group reported earnings of 63 cents per share for the quarter and 1.35 rupees […]

Aug 05, 2011 (LBO) – Sri Lanka’s Dialog Television, a top pay TV operator which is a unit of telecom operator Dialog Axiata said subscribers grew 16 percent by end June 2011 to 184,000 from a year earlier, and its cash flows strengthened. The firm said revenues rose 11 percent to 1. 1 billion rupees […]

Aug 04, 2011 (LBO) – Sri Lankan mobile phone operator Dialog Axiata group said June 2011 quarter net profit was stagnant at 1. 4 billion rupees from a year ago with sales up 8.9 percent to 11 billion rupees. Losses from the group’s television operations were also reduced to 12 million rupees from a loss […]

NEW DELHI, August 3, 2011 (AFP) – India’s top mobile phone firm Bharti Airtel reported Wednesday a worse-than-expected 28 percent plunge in quarterly profit, hit by costs of its Africa acquisition and investments in 3G. Net profit slid to 12.15 billion rupees ($273.8 million) for the fiscal first quarter to June from a year earlier […]

Aug 03, 2011 (LBO) – Dubai-based Etisalat’s Sri Lanka unit said it had inked a deal with with OpenArc, a Colombo-based information technology company to provide a mobile banking service. OpenArc Systems Management started in 1991 and deals in banking and finance, securities and stock market and enterprise resource management solutions. OpenArc chief Daya Hettiarachchi […]

July 26, 2011 (LBO) – Sri Lanka’s mobile users grew 18. 5 percent in the first quarter of 2011 to 17.8 million, a lower pace than in previous years, but there was strong growth in internet users, official data showed. A category called ‘internet and email’ users which the central bank said included mobile broadband […]