Category: Technology

May 06, 2011 (LBO) – The Sri Lanka unit of UAE-based Etisalat has commissioned a high-speed 3. 75G wireless network enabling mobile broadband customers very fast Internet access, video calls and games, and mobile television. Etisalat chief executive Dumindra Ratnayaka said potential to grow was wide with the island’s Internet penetration being only about 8. […]

May 05, 2011 (LBO) – E-Channelling, a listed Sri Lankan dotcom that enables patients to make appointments with doctors over the internet, has formed a joint venture with a British firm to diversify into BPO work. The new joint venture company, called ECL Soft, will have equal shareholdings between E-Channelling and its partner Software Distributions […]

May 04, 2011 (LBO) – TATA Communications’ Sri Lanka unit has commissioned its second international gateway in Sri Lanka improving reliability and providing back-up services to clients. œThis will enable our customers to offer higher uptime and better service levels to their end customers, thereby becoming more competitive in the international business environment, said V […]

May 03, 2011 (LBO) – India’s Firstsource Solutions is to invest a million dollars to take a 74 percent stake in Sri Lankan celco Dialog Axiata’s business process outsourcing subsidiary in a joint venture deal. The unit, Dialog Business Services, recently started by Dialog, will be renamed Firstsource-Dialog Solutions with an existing staff of 417. […]

Apr 20, 2011 (LBO) – Sri Lanka’s telephone density rose to 100. 8 lines per 100 persons in 2010 showing that fixed and mobile connections had overtaken the population, in a telling demonstration of the results of ending a state monopoly. Telephone density rose from 86.6 in 2009 in a country with a population of […]

Apr 20, 2011 (LBO) – Sri Lanka’s Dialog Axiata a unit of Malaysia’s Axiata played down mounting speculation that it is about to buy Suntel, a wireless fixed access provider owned by Sweden’s Telia. “There is nothing happening regarding Suntel at the moment,” Dharshana Abeysinghe, a spokesman for Dialog Axiata, said. There is intense industry […]

SAN FRANCISCO, April 13, 2011 (AFP) – Figures released on Wednesday showed that the personal computer market shrank for the first time in more than a year due to frugality and a tablet computer craze led by Apple’s hot-selling iPads. “Instead, consumers turned their attention to media tablets and other consumer electronics. ” After Apple’s […]

WASHINGTON, April 6, 2011 (AFP) – Facebook on Tuesday launched a media resource page to help journalists use the social network as a reporting tool and better connect with their audience. The “Journalists on Facebook” page is intended to be “an ongoing resource for the growing number of reporters using Facebook to find sources, interact […]

Mar 24, 2011 (LBO) – Sri Lanka’s information technology and business process outsourcing sector is positioning itself as a niche player targeting finance and accounting, telco, travel and aviation sectors, an official said. “We will focus on SMEs (small and medium enterprises), more that 90 percent of us are working with SMEs in other countries,” […]

MADRID, March 22, 2011 (AFP) – The London Stock Exchange on Tuesday announced plans to create an unprecedented trading network that will allow blue-chip stocks to be traded in up to six countries. The planned partnership follows news of a planned merger between the London and Toronto stock exchanges, illustrating once again the move towards […]

Mar 15, 2011 (LBO) – Profit margins of Sri Lankan mobile phone operators are likely to come under pressure as the market matures and competition intensifies, a Fitch Ratings report said. The industry is now benefitting from the pentup demand from the north and east since the end of the island’s ethnic war in May […]

Mar 14, 2011 (LBO) – Sri Lanka is becoming an attractive location for ‘Finance and Accounting Outsourcing’ (FAO) with the world’s second largest pool of management accountants and wages lower than India, a report said. “The availability of a large pool of skilled finance and accounting professionals makes FAO one of the most logical niche […]