Category: Technology

Apr 26, 2010 (LBO) – Sri Lanka Telecom group profits fell 36 percent to 604 million rupees in the March quarter from a year earlier, but had returned to profits from a loss in the December quarter, interim accounts showed. Group revenue grew 3.0 percent to 12.2 billion rupees, while revenues of the standalone company […]

Apr 26, 2010 (LBO) – Hutchison Telecom International’s Sri Lanka unit lost mobile phone subscribers in 2009 amid intense competition in the market, according to the group’s annual report released to the Hong Kong stock exchange. The number of mobile phone subscribers of Hutchison Telecom Lanka shrank by 12 percent to 779,000 although it continued […]

Apr 20, 2010 (LBO) – Sri Lankan firms developeing mobile and telecom software have teamed up with other players in the the sector to set up a ‘centre of excellence’ to foster collaboration, an industry body said. “Our national strategy is to focus on several high potential niche areas to compete globally as a niche […]

Apr 17, 2010 (LBO) – Use of wireline phones, supplied only by the listed Sri Lanka Telecom, a former state monopoly, is on the decline, with subscribers shifting to mobile phones, the latest official data showed. The number of mobile connections increased by 25.9 percent to 13.9 million in 2009 from the year before, while […]

Apr 16, 2010 (LBO) – Sri Lanka’s dominant wireless operator Dialog Telekom intends to change its name to Dialog Axiata, following the renaming of its Malsyaian parent firm, a stock exchange filing said. Dialog Telekom said the name change is subject to approvals from shareholders and the company registrar. The proposed name “will accurately reflect […]

Apr 17, 2010 (LBO) – Use of wireline phones, supplied only by the listed Sri Lanka Telecom, a former state monopoly, is on the decline, with subscribers shifting to mobile phones, the latest official data showed. The number of mobile connections increased by 25.9 percent to 13.9 million in 2009 from the year before, while […]

Apr 07, 2010 (LBO) – India’s MphasiS has received concessions for its outsourcing unit in the island which will employ 500 people, Sri Lanka’s state investment promotion agency said in a statement. Sri Lanka’s Board of Investment said a deal was inked between BOI chief Dhammika Perera and MphasiS Lanka Limited director M G Raghuraman […]

Apr 05, 2010 (LBO) – Webguru’s International, a Dutch software company, has signed an agreement with Sri Lanka’s investment promotion agency to set up a company to develop software in the island, a statement said. The Board of Investment statement said the firm will invest 155,000 US dollars to set up the software development company […]

Apr 01, 2010 (LBO) – Sri Lanka’s police have raided a company suspected to be using pirated and unlicensed software, the Business Software Alliance (BSA) which represents software firms said. The company is suspected to be infringing the intellectual property rights of BSA members, Adobe, Autodesk and Microsoft, it said in a statement. The raids […]

Mar 27, 2010 (LBO) – Sri Lanka’s Dialog Television (DTV) is opening sports content for advertising targeting affluent consumers and forecasts a sharp rise in subscribers by year-end, a senior official said. “It’s truly an alternative to mainstream media and helps you to reach groups with deeper pockets more cost-effectively. “From April 1 new channels […]

Mar 23, 2010 (LBO) – The United States has given 750 scholarships to youth in Sri Lanka’s former war zone in the north and east to help them find jobs, the US Agency for International Development (USAID) said. It said in a statement it recently awarded 500 scholarships in Information and Communications Technology (ICT) to […]

WASHINGTON, March 13, 2010 (AFP) – The adult entertainment industry is going to have to wait a while longer to see whether it gets its . XXX domain name. The board of ICANN, the international regulatory body for Web addresses, on Friday delayed a decision until June on whether to create the . XXX domain. […]