Category: Technology

May 27, 2009 (LBO) – Subscribers of Sri Lanka’s Hutch, a unit of Hutchison had dropped 44 percent to 772,000 in the year to March 2009 amid steep price cuts and an entry of a fifth operator to the market. Dialog, a unit of Telekom Malaysia and the island’s dominant mobile phone operator, said its […]

May 26, 2009 (LBO) – Mobitel, a unit of Sri Lanka Telecom (SLT), has increased subscribers by 73 percent to 2.8 million in the year to March 2009, while revenues climbed 48 percent to 3.6 billion rupees in the first quarter, the group said. In the year to March 2009, Millicom International Cellular said its […]

May 25, 2009 (LBO) – Sri Lanka Telecom group said profits fell 42 percent to 974 million rupees in the March 2009 quarter with fixed access revenues falling while the mobile sector showed growth. Chairperson Leisha De Silva Chandresena said the firm’s performance came amid adverse economic conditions worldwide. The firm said broadband and data […]

May 25, 2009 (LBO) – India’s Bharti Airtel said it was talking with MTN group, a firm operating in Africa and the Middle East, to buy 49 percent of its in return for a 36 percent stake in the Indian firm. Bharti Airtel has a unit in Sri Lanka. The Bharti shares would be split […]

May 22, 2009 (LBO) – Standard & Poor’s Ratings Services said it has lowered its outlook on Sri Lanka Telecom’s (SLT) rating to negative from stable while confirming its ‘B+’ corporate credit rating and long-term senior unsecured debt rating. The rating action was made in step with S&P’s lowering of Sri Lanka’s sovereign rating to […]

May 21, 2009 (LBO) – Sri Lankan companies are concerned over data security with most still not having adequate protection, opening up opportunities for network security players, business research and consulting firm Frost & Sullivan said. A survey done by Frost & Sullivan of chief information officers in Sri Lanka, revealed that major threats for […]

May 20, 2009 (LBO) – Sri Lanka’s Dialog Telekom said its broadband and pay TV units continued to lose money in the March quarter, contributing to a group loss of 1.86 billion rupees but that a turnaround in the group’s fortune’s was visible as overall revenue stabilised. Dialog, the island’s dominant mobile phone operator, said […]

May 15, 2009 (LBO) – Sri Lanka’s Dialog Telekom said it expects to make an annual cost saving of 500 million rupees by shedding staff through a voluntary retirement scheme in an effort to stem losses. Nushad Perera, Dialog’s Chief Marketing Officer, told ETV’s Lanka Business Report programme in a recent interview that the VRS […]

May 14, 2009 (LBO) – Sri Lanka’s Dialog Telekom, a unit of Telekom Malaysia said it had lost 1.86 billion rupees in the March 2009 quarter against a profit of 888 million rupees a year ago, though losses were less than in the December quarter. In the December 2008 quarter, the firm lost 3.9 billion […]

May 14, 2009 (LBO) – Sri Lanka’s information technology (IT) security market is poised to grow given rising computer use among business and government, online transactions and number of broadband subscribers, a new study says. Some of the key areas like the evolving role of the Chief Information Security Officer, enterprise best practices in security […]

May 13, 2009 (LBO) – Benefits of Dialog Telekom’s six month long cost reduction program, including retrenching 280 staff, will start kicking in by the fourth quarter of this year, one of the Sri Lankan firm’s top managers said. A group wide re-branding of operations took place recently. œ’Dialog’ will also be a single ˜Dialog’. […]

May 12, 2009 (LBO) – Sri Lankan football fans now have the option to have interactive gaming sessions, download content and view English premiership football club Manchester United (MU) matches on the go with Bharti Airtel connections. An agreement signed between Bharti Airtel and MU would give Bharti users in India, Sri Lanka and Seychelles […]