Category: Technology

March 13, 2009 (LBO) – Sri Lanka’s software industry has teamed up with the British Council to promote technology entrepreneurship among university students. The “Graduate Enterprise Challenge 09” is a contest aimed at grooming the next generation of ‘technology entrepreneurs’, the British Council and Sri Lanka Association of Software and Service Companies (SLASSCOM) said in […]

Mar 13, 2009 (LBO) – Sri Lankan fixed access telco, Lanka Bell has started two packages with batches of free outgoing minutes, intensifying competition in the fixed telephony sector, with market oriented pricing strategies, officials said. It has started a 1,000-minutes-free package for 999 rupees branded ‘Infinity Plus’, where the customer can call any time […]

Mar 09, 2009 (LBO) – Sri Lankans low income customers of mobile communications, used phones least for business related activities in the region, potentially opening up a new marketing opportunity for celcos, a new study has found. “People who use phones for such activities have a higher income and people who don’t have a lower […]

Mar 03, 2009 (LBO) – Fitch Ratings has cut the credit outlook of Sri Lanka Telecom (SLT), the island’s largest fixed access operator, to ‘negative’ from ‘stable’ after the sovereign rating outlook was lowered last week. Fitch said SLT’s long-term foreign currency rating of ‘B+’ and local currency rating of ‘BB-‘ were unchanged. Its domestic […]

Mar 03, 2009 (LBO) – The ‘AAA(lka)’ rating on Sri Lanka’s Dialog Telekom was cut by two notches to ‘AA(lk)’ Fitch Ratings, following price competition which is weakening margins and rising costs, Fitch Ratings said. Dialog’s rating of its outstanding redeemable preference shares reflected the subordinate nature of the instrument. Though Dialog has started a […]

Feb 24, 2009 (LBO) – The disaster management capabilities of Sri Lanka’s regional government offices have been boosted with broadband services which will improve communications and decision-making, a United Nations agency said. “Before we had to physically meet and that was a costly and time consuming exercise,” said Mellawathanthri. “The ADSL connection and the webcam […]

Feb 19, 2009 (LBO) – Sri Lanka’s Telecommunication Regulatory Commission (TRC) will ask mobile phone operators to give adequate connections to calls from customers of new entrant Bharti Airtel, an official said. “I think what would have happened is Airtel is overwhelmed with more traffic than they had originally estimated, and now they are crying […]

Feb 16, 2009 (LBO) – Sri Lanka’s mobile phone operators have declined to respond to accusations by newest market entrant, India’s Bharti Airtel, that they are resorting to interconnectivity sabotage, citing a gag order by the regulator. Company officials said the Telecommunication and Regulatory Commission (TRC) has asked celcos not to comment on recent accusations […]

Feb 14, 2009 (LBO) – Sri Lanka has tightened phone ownership rules by presidential order with mobile and wireless phones to be registered by an April 30 deadline, a media report said. The rules have to be implemented on or before April 30, the newspaper said. The Daily Mirror newspaper said Sri Lanka’s court of […]

WASHINGTON, February 12, 2009 (AFP) – Two satellites collided in space hundreds of miles (kilometers) above Earth, destroying an Iridium commercial satellite in a crash that may result in disruption of service, the US company said Wednesday.“This satellite loss may result in very limited service disruption in the form of brief, occasional outages,” it said, […]

Feb 06, 2009 (LBO) – Sri Lanka telco Lanka Bell has slashed international tariffs to India to 7.00 rupees from the earlier 12.00 a minute for fixed phones and 25.0 rupees for mobiles, the company said. “With this new rate Lanka Bell becomes the Sri Lankan telecommunication company that offers the lowest call charges to […]

Feb 03, 2009 (LBO) – Sri Lankan software firm Millennium IT said it has won the contract to provide the trading platform for India’s new International Multi-Commodity Exchange (IMX). The exchange is expected to go live in the first quarter of the next financial year, subject to regulatory approvals, according to a statement by Indiabulls […]