Category: Technology

June 13, 2011 (LBO) – Korea’s Samsung has taken the lead in Sri Lanka’s ‘smart phone’ and screen phone market, winning a share of between 35 to 40 percent, country manager Shankar Nayaran said. Sri Lankans are estimated to buy around 120,000 phones a month, or about 1. 4 million phones a year, he said. […]

June 8, 2011 (AFP) – Sri Lanka is to finally scrap its telegraphic service, which has been overtaken by mobile phones and the Internet and handles just 50 telegrams a day, an official said Wednesday. Transmitting telegrams using a network of postal messengers across the country was too expensive, postal ministry secretary Hemasiri Fernando said, […]

June 8, 2011 (LBO) – Sri Lanka’s state-run vocational school system is seeking closer links with the software and business process outsourcing firms to develop courses to suit the sector. The Vocational Training Authority (VTA), which is overseeing 275 centres which take in 20,000 students a year, said it is signing a deal with the […]

June 08, 2011 (LBO) – R R Donnelley has opened a third business process outsourcing facility in the Sri Lankan capital Colombo as business grows with the end of the island’s ethnic war. The company, which now employs over 750 people in the island, plans to increase its workforce to over 1,000 by year-end, said […]

June 07, 2011 (LBO) – Millennium Information Technologies Pvt Ltd (MillenniumIT), a unit of the London Stock Exchange group said it had been given the award for the best partner of the year in South Asia 2010 by Check Point Software Technologies India. “They are constantly growing, evolving, both in consulting and delivering solutions around […]

June 7, 2011 (LBO) – Sri Lanka has rebuilt a 175 meter television tower costing 450 million rupees to begin television and telecom transmissions to former war torn areas in the north of the island. President Mahinda Rajapaksa opened the tower Tuesday in the Kokavil region. The government’s information office said the tower will be […]

May 25, 2011 (LBO) – Sri Lanka’s broadband use is lagging the region due to low penetration of personal computers and expensive mobile handsets, though the sector has now started to grow especially in the wireline segment, a sector study said. Sri Lanka had 574,000 broadband customers by end December 2010, including 294,000 mobile broadband […]

May 24, 2011 (LBO) – Sri Lanka’s mobile phone industry is ‘overcrowded’ and ripe for consolidation with intensifying competition eroding profitability, Fitch Ratings said in a new report on the telecoms sector. Overcrowding remains the key medium-term risk to telecom operators (telcos) in Sri Lanka, the rating agency said. It expects competition among local telcos […]

May 17, 2011 (LBO) – Sri Lankan celcos are showing signs of recovering from cut throat competition and soaring inflation a few years ago, but experts say the recovery is short lived as the sector has already hit its next stumbling block. Shorter life spans in emerging technologies and ill advised expansion plans are the […]

May 12, 2011 (LBO) – Sri Lankan mobile phone operator Dialog Axiata group said March 2011 net profit rose 64 percent to 1.2 billion rupees from a year ago with subscribers growing and lower losses from TV and broadband units. The profit was slightly lower than the 1.3 billion rupee net profit made in the […]

May 10, 2011 (LBO) – Sri Lanka Telecom’s March 2011 quarter net profit rose 114 percent to 1,295 million rupees from a year ago with sharp gains from value-added services and the traditional fixed line business. Group sales rose two percent to 12. 4 billion rupees in the quarter ending March 31, 2011, according to […]

May 09, 2011 (LBO) – eChannelling, a listed Sri Lankan dotcom that enables patients to make appointments with doctors over the internet, has struck a deal with a software firm, allowing it to diversify outside the healthcare sector. The deal is by eChannelling and its subsidiary ECL Soft with Industrial Financial Systems (IFS), which supplies […]