Category: Technology

Nov 05, 2010 (LBO) – Sri Lanka Telecom, the island’s largest fixed access provider, said fixed broadband users grew 40 percent to over 200,000 by the September 2010 quarter from a year earlier. SLT, a majority state-controlled firm which is 44 percent owned by Malaysia’s UT group, has Sri Lanka’s only wireline network. SLT said […]

Nov 05, 2010 (LBO) – Dubai-based Heraymila Investments’ Sri Lanka operatons will include an investment research outsourcing unit which will initially undertake work for the group, officials said. “We were quite impressed with the quality of talent,” Heraymila’s managing director Vinod Krishnan said. “We are trying to outsource our research to Sri Lanka. ” Heraymila […]

Nov 05, 2010 (LBO) – Broadband download speeds delivered by Dialog Axiata, Sri Lanka’s dominant mobile operator, exceed expectations although its main rival Sri Lanka Telecom (SLT) does better on other measurements, a report said. Dialog’s 1Mbps (megabits per second) post-paid broadband package delivers more than promised in download speeds, recent Quality of Service Experience […]

Nov 03, 2010 (LBO) – Sri Lanka Telecom, the island’s largest fixed access operator, which also has a mobile unit said it made 1,027 million rupees in profits in the September 2010 quarter, against a loss of 189 million rupees a year earlier. At company level, which is mostly fixed access, revenues edged down 1.0 […]

Oct 27, 2010 (LBO) – Sri Lankan mobile phone operator Dialog Axiata made a net profit of 1.69 billion rupees in the September 2010 quarter compared with a loss of 439 million rupees a year ago, a stock exchange filing said. Sales rose 16.2 percent to 10.56 billion rupees over the period while administration costs […]

Oct 15, 2010 (LBO) – Sri Lanka still has work to do to better protect intellectual property rights whose violations are of concern to the United States, a visiting US government official said. Michael Delaney, assistant US trade representative for central and south Asia, said IP rights protection and software piracy were some of the […]

Oct 14, 2010 (LBO) – A US based telecom tower company is looking for opportunities to build shared infrastructure in Sri Lanka as telcos in the island expand into former war torn areas in the north and east, an official said. “We are having discussions and looking at opportunities,” Vijendran Watson, from the Singapore-based Insight […]

Oct 14, 2010 (LBO) – Cambio Heathcare Systems, a Sweden based health sector firm has moved its outsourcing unit to larger premises in Sri Lanka’s capital Colombo, the country’s investment promotion agency said. The firm had started operations in Colombo in 2005 with 40 employees. By the beginning of this year its cadre of engineers […]

Oct 08, 2010 (LBO) – Fitch Ratings has upgraded Sri Lanka’s Dialog Axiata’s (Dialog) national long-term rating to ‘AAA(lka)’ from ‘AA(lka)’, and revised the outlook to stable from negative, a statement said. This is to help mitigate potential currency risk on the scheduled repayments of its US dollar debt, which fall due between 2011 and […]

Oct 05, 2010 (LBO) – Sri Lanka’s ETV, a terrestrial broadcaster covering the island’s western province, has put its programming on Dialog TV, a unit of Dialog Axiata, reaching a fast growing subscriber base around the country, officials said. Lanka Business Online is a related entity of ETV. “Today we have 200,000 homes, hotels, hospitals, […]

Oct 04, 2010 (LBO) – India’s Tata Communications had put in a bid for Sri Lanka’s Suntel, a unit of Sweden’s Telia which runs a fixed access wireless network in the island, a media report said. India’s Economic Times said, Tata Communications Ltd (TCL) formerly a state-run firm in which the government still owns 26 […]

Oct 04, 2010 (LBO) – Sri Lanka’s mobile subscribers grew 25.4 percent to 15.86 million in the second quarter of 2010 from a year earlier and a wireline contraction has bottomed out, official data shows. At the end of the second quarter of 2010 Sri Lanka had 15.86 million mobile users up from 11.49 million […]