Category: Technology

Mar 11, 2011 (LBO) – Sri Lanka will seek to negotiate with international software vendors to try to bring down prices by up to half in its drive to promote information and communication technology business, a report said. Sri Lanka has recently been cracking down on software piracy after being ranked the second worst offender […]

Mar 09, 2011 (LBO) – Sri Lanka’s new information and communication technology plan for 2011-1016 advocates further cuts in high-speed broadband communication costs with the aim of increasing ICT business and creating more jobs. Present broadband charges which are higher than competitor countries are deterring foreign ICT and business process outsourcing (BPO) firms from setting […]

Mar 08, 2011 (LBO) – Sri Lanka’s Dialog Axiata, the island’s largest mobile operator, said it plans to set up an Information Technology (IT)-enabled services venture and was looking for an international partner for business process outsourcing work. Dialog Axiata chief Hans Wijayasuriya said last month that new investments of 150 million US dollars will […]

Mar 07, 2011 (LBO) – Sri Lanka Telecom, the country’s largest fixed access provider said it is increasing capital expenditure which had flagged during a recent downturn to modernize its network, build broadband capacity and expand into former war torn areas. The firm is also selling wholesale capacity to other operators. The firm had a […]

NEW YORK, March 4, 2011 (AFP) – The Daily, the digital newspaper created for Apple’s iPad by Rupert Murdoch’s News Corp., has tallied hundreds of thousands of downloads since its launch a month ago, its publisher said Thursday. “It’s going great,” Greg Clayman said at the paidContent 2011 conference in New York. “We’re not disclosing […]

Feb 23, 2011 (LBO) – Sri Lanka Telecom said it made a profit of 1,542 million rupees in the December quarter from a loss of 379 million rupees a year earlier, helped by a turnaround of its mobile unit, while revenues rose 6 percent to 12. 9 billion rupees. Malaysia’s UT group owns 49.8 percent […]

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 […]

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 […]