Category: Technology

Aug 27, 2009 (LBO) – Standard and Poor’s has lifted the outlook of Sri Lanka Telecom’s (SLT) rating to ‘stable’ from negative, shortly after the host country’s outlook on its ‘B’ sovereign rating was lifted. “The stable outlook on SLT reflects the country risk factors,” S&P said. “Any downward movement of the sovereign ratings could […]

Aug 26, 2009 (LBO) – The acquisition of a big stake in Sri Lanka Telecom, the island’s dominant fixed-line operator, by Malaysia’s Global Telecommunications Holdings NV has been nominated for a global mergers and acquisition award. The nomination has been made under the Media, Entertainment or Telecom Deal of the Year category of the awards […]

Aug 22, 2009 (LBO) – Mobitel, a unit of fixed access carrier Sri Lanka Telecom will spend up to 30 million US dollars expanding in to former war zones in the north and the east of the country, a top official said. The network had notched up 3.1 million subscribers, Amasekera said on August 19, […]

Aug 19, 2009 (LBO) – Mobitel, a unit of fixed access provider Sri Lanka Telecom, is offering Google’s mobile email, calendar and document reading services to its mobile subscribers in a partnership launched in Colombo Wednesday. Leisha de Silva Chandrasena, head of Sri Lanka Telecom, said the Google service would help Sri Lanka on the […]

Aug 15, 2009 (LBO) – Sri Lanka telecom regulator is evaluating expression of interest from seven investors who responded to a call to build a fibre optic backbone for Sri Lanka in partnership with state rail and power utilities, a top official said. Pre-qualified parties would be expected to submit applications by the end of […]

Aug 13, 2009 (LBO) – Sri Lanka’s Hutchison Telecom International unit lost subscribers in the June 2009 quarter, but the firm is continuing network expansion that will see 65 percent population coverage by the end of the year, the company said. Hutchison said subscriber dropped to 536,000 by end June from 772,000 in March. In […]

Aug 13, 2009 (LBO) – Dialog Telekom, a unit of Malaysia’s Axiata and the island’s top celco said it lost 7.6 billion rupees in the June 2009 quarter on a 6.0 billion rupee one-off write-down of older network equipment. Dialog Broadbband, a fixed and broadband unit had shown revenues of 556 million rupees.Group revenues fell […]

Aug 11, 2009 (LBO) – Luxembourg-based Millicom International Cellular which has put its Asian units on sale will sell 58.4 percent stake in its Cambodia unit to The Royal Group, its local partner, the company said.The stake in CamGSM will go for 346 million US dollars, valuing the unit at 605 million US dollars or […]

Aug 12, 2009 (LBO) – Sri Lanka’s Dialog Telekom has activated the first phase of a network expansion into former war-torn areas in the north of the island, which may cost up to 10 million US dollars, officials said.“We have connected the first six sites, and we will build 60 more towers in tandem with […]

Aug 12, 2009 (LBO) – Sri Lanka Telecom (SLT) said it has inked a deal with Mireka Capital Land (Pvt) Ltd, a large commercial and residential property project, to provide telecom services including fibre optic supported broadband facilities.Mireka Capital Land is a joint venture between Overseas Realty (Ceylon), a unit of Singapore’s SP Tao group, […]

Aug 12, 2009 (LBO) – Dubai-based EZY Infotech said it has launched their first computer made in Sri Lanka, a slim desk-top machine powered by Intel Atom technology. EZY Infotech set up a fully-automated manufacturing plant in February 2009 in the suburb of Ratmalana south of Colombo to make computers bearing the ˜Manufactured in Sri […]

Aug 10, 2009 (LBO) – Profits of Sri Lanka Telecom group, fell 75 percent to 375 million in the June 2009 quarter, while revenues stayed flat at 11.74 billion rupees, with growth in data and mobile sectors, the company said. Operating costs rose 26 percent to 7.39 billion rupees, partly on account of Mobitel network […]