Category: Technology

Feb 23, 2011 (LBO) – Sri Lanka’s Mobitel, a unit of Sri Lanka Telecom said it had made profit after tax of 1. 51 billion rupees (13.7 million US dollars) in the year to December 2010 turning around from a loss of 395 million a year earlier. Sri Lanka’s telecom regulator put in floors to […]

Feb 18, 2011 (LBO) – Fitch Ratings has confirmed Sri Lanka Telecom’s (SLT) long-term foreign currency rating at ‘B+’ with a positive outlook, a statement said. The agency has also confirmed SLT’s long-term local currency rating at ‘BB-‘ and its national long-term rating at ‘AAA(lka)’ with a stable outlook for both. The foreign currency rating […]

Feb 11, 2011 (LBO) – Sri Lankan mobile phone operator Dialog Axiata group made a net profit of 1. 3 billion rupees in the December 2010 quarter compared with a loss of 2.2 billion the year before, a stock exchange filing said. Sales in the quarter rose 10.7 percent to 10.8 billion rupees. The firm’s […]

Feb 11, 2011 (LBO) – Sri Lanka’s Dialog Axiata, the islands largest mobile operator said it will invest 150 million US dollars in expansion bringing the total foreign direct investments by the firm to 1. 2 billion US dollars. Dialog Axiata chief Hans Wijayasuriya said the new investments in part will to go strengthen its […]

Feb 10, 2011 (LBO) – Sri Lanka’s unit of UAE-based Etisalat will add 170 new base stations to expand and strengthen its network in former war-torn areas in the North and East of the island by April, an official said. “We are already in the North and will be adding 170 new towers in the […]

LONDON, February 9, 2011 (AFP) – The London and Toronto stock exchanges announced a landmark merger on Wednesday to create a one of the world’s biggest trading platforms that will dominate raw materials and energy. “London Stock Exchange Group plc and TMX Group Inc. today announced an agreement to combine Europe’s and Canada’s leading diversified […]

Feb 09, 2011 (LBO) – Sri Lanka’s unit of UAE-based Etisalat said it has tied up with a payphone operator allowing prepaid customers to top up their balances or ‘re-load’ through call boxes. Etisalat is trying up with Tritel, which has a network of 1,600 call boxes around Sri Lanka. “We launched this with Tritel […]

Jan 31, 2011 (LBO) – Sri Lanka’s dominant mobile phone operator Dialog Axiata has set up a fully-owned subsidiary to handle information technology-enabled services, according to a company statement. Dialog said in a stock exchange filing the new unit is called Dialog Business Services and will carry out IT-enabled services. The subsidiary DBS is dormant […]

Jan 28, 2011 (LBO) – Sri Lanka’s Microsoft say a new product, Lync 2010, that offers audio, video and web conferencing will help companies cut cost by reducing travel and communication costs. The software is a single platform that integrates instant messaging, presence, audio, video and web conferencing to bring people together in the ways […]

Jan 21, 2011 (LBO) – Sri Lanka’s computer chip consumption will grow more than 25 percent in 2011 driven by growing information technology use and government measures to push IT literacy, an industry official said. In 2010 Sri Lanka is estimated to have used 260,000 chips, according to data by IDC, a market intelligence consultancy, […]

Jan 10, 2010 (LBO) – Sri Lanka Hayleys group said its outsourcing division had hired a top executive from WNS, a New York listed business processing outsourcing group to head the unit which offers accounting and finance services business. Arul Sivagananathan will take over as managing director of the Hayleys BPO unit from this month, […]

Jan 06, 2011 (LBO) – Sri Lanka’s E-Channelling, a listed dotcom that enables patients to make appointments with doctors over the internet, has struck a deal to enter the Maldives and a wider market with Qatar Telecom, a statement said. Wataniya Telecom is owned by Qatar Telecom (QTel) which has 58 million subscribers in 17 […]