Category: Technology

Dec 02, 2009 (LBO) – Sri Lanka has been rated the telecommunications market with the highest regulatory risk score in the Asia-Pacific region, according to a new survey by Fitch Ratings. It said Fitch’s Regulatory Risk Score provides an indication of how the regulatory environment impacts the ability of an operator to generate free cash […]

Nov 26, 2009 (LBO) – South Asian telecommunications regulators have decided to ask phone companies in the region to reduce international call charges, an official said.Priyantha Kariyapperuma, Director General of the Telecommunications Regulatory Authority of Sri Lanka, said the move, at a Colombo meeting of regional regulators, is intended to make overseas calls cheaper. All […]

Nov 16, 2009 (LBO) – Sri Lanka Telecom group, the island’s larges fixed access provider which also owns Mobitel a celco, said it lost 186 million rupees in the September 2009 quarter against a profit of 1,235 million rupees a year earlier.In the 9-months to September the group had spend 13.2 billion rupees in capital […]

Nov 11, 2009 (LBO) – Dialog Telekom, a unit of Malaysia’s Axiata, said it lost 439 million rupees in the September quarter, a higher loss than a year ago, but that its performance was improving. The group, the island’s top celco, said in a statement sales fell 4.6 percent to 8.9 billion rupees in the […]

Nov 10, 2009 (LBO) – Microsoft launched its latest operating system (OS), Windows 7, in Sri Lanka promising easier use with more functions. “The new OS provides users with an experience that is above and beyond anything they have used before,” Ken Wye Saw, Vice-President, Microsoft Asia Pacific said at the launch. “The product is […]

CHENNAI, Nov 06, 2009 (LBO) – Despite improving quality, Sri Lankan fixed and mobile broadband internet users receive less bandwidth than ‘advertised’, while web hosting costs are also higher than developed countries, a telecom study has revealed. “It’s very clear that broadband speeds advertised by providers were more than what they could offer,” Chanuka Wattegama, […]

Oct 20, 2009 (LBO) – Sri lanka’s MillenniumIT software firm said its acquisition by the London Stock Exchange Group would help boost global sales of its trading technology business. Tony Weeresinghe, chief executive of MillenniumIT, said the deal would help the company expand into other markets and invest for the future. “We intend to leverage […]

Oct 20, 2009 (LBO) – Sri Lanka’s Tigo celco said it will expand its services and coverage following its acquisition by Etisalat, the United Arab Emirates-based telecom firm. Tigo Sri Lanka chief executive Dumindra Ratnayaka said Etisalat had acquired 100 percent of the Tigo Sri Lanka operation from Millicom International. “We have been seeking this […]

ABU DHABI, October 18, 2009 (AFP) – Gulf telecoms giant Etisalat said on Sunday that net profit dropped 4.7 percent in the nine months to September after a one-time gain had boosted year earlier figures. Net profit fell to 6.85 billion dirhams (1.87 billion dollars) from 7.19 billion dirhams (1.96 billion dollars) a year ago, […]

Oct 19, 2009 (LBO) – Fitch Ratings said the entry of Emirates Telecommunications Corporation (Etisalat) into Sri Lanka can further delay any prospects for recovery in the Sri Lankan telecom operators’ profitability.Millicom International Cellular SA last week sold its fully-owned subsidiary in Sri Lanka, Tigo, to Etisalat in a competitive bidding process. Tigo is the […]

Oct 18, 2009 (LBO) – Etisalat, an Abu Dhabi based telco that bought Sri Lanka’s Tigo from Millicom International Cellular, says it will invest more in the firm to increase the mobile operator’s market share.Tigo, South Asia’s first mobile phone operator, now has a market share of 21 percent in Sri Lanka and had 2.25 […]

Oct 16, 2009 (LBO) – Millicom International Cellular will sell its Sri Lanka unit for 155 million US dollars to Etisalat, a Middle Eastern telco, with the sale expected to be completed by October 20, the company said.Millicom has decided to exit its Asian operations in Cambodia and Laos as well as Sri Lanka to […]