SLT

30-Jan-2012

By Shirajiv SIRIMANE

Sri Lanka’s telecommunication sector received a record US $ 69 million investment last year. The industry received this boost from five leading operators, Sri Lanka Telecom, Dialog Axiata, Etisalat, Bharathi Airtel and Mobitel. The biggest investment to the sector was made by Bharti Airtel Lanka, a subsidiary of Bharti Airtel, one of the world’s largest telecom service providers, which was the fifth player in the local mobile market. The company invested US $ 49.9 last year.

SLT Broadband announced upto four times faster internet speeds, taking the speeds upto as much as 16 Mbps.

"Sri Lanka is faced with an era of accelerated economic as well as ICT growth across the country. ICT is important for driving economic growth, changing lifestyles and living standards through enhancing competitiveness, improving business opportunities, improving access to markets and information for rural communities," Sri Lanka Telecom Chief Executive Officer Greg Young said.

Sri Lanka Telecom (SLT) released its Group and Company financial results for the nine months ended September 30, 2011. The Group consists of parent company Sri Lanka Telecom PLC and seven subsidiaries including the company’s mobile arm Mobitel (Pvt) Ltd., (Mobitel).

Sri Lanka Telecom has come forward as the Pinnacle Sponsor of Sri Lanka’s flagship ICT Expo Infotel for the second consecutive year.

By Lalin FERNANDOPULLE

Sri Lanka's telecommunication industry has gained momentum with the rapid increase in broadband subscribers who enjoy a wide range of benefits from services offered to them.

Sri Lanka Telecom launches phase 1 of i-Sri Lanka project which is one of the biggest projects ever undertaken in Jaffna.

Sri Lanka Telecom (SLT) is set to spend an estimated US$200 million on acquiring Sri Lanka's second-largest land-based telephone company Suntel which has been looking for a buyer for the past 12 to 18 months, the Business Times reliably learns.

While Sierra Group of Companies celebrates its 30th anniversary, one of their leading subsidiaries Sierra Global Network Private Limited has expanded their business by establishing a new technical unit to undertake network optimisation of the telecommunication networks in Sri Lanka as well as selected overseas markets such as the Maldives, Qatar, Africa etc.

The SLT group has posted strong financial for the half year ended June 30 2011 with a 51% growth in its profit before tax of Rs. 3.26 b when compared to the corresponding period of the previous year. The Group consists of the parent company, Sri Lanka Telecom PLC (SLT) and seven subsidiaries including the company's mobile arm Mobitel (Pvt) Ltd. (Mobitel). During the first six months, SLT group recorded a net profit after tax of Rs. 2.44 b which is a growth of 77% over the same period of the previous year. The Group's KPIs such as EBITDA, PBT and PAT margins have improved over the previous year, displaying SLT Group's quest for continuous improvement in financial returns.

Dehiowita, a developing township of Ruwanwella electorate in the Kegalle district with a substantial population, received the Sri Lanka Telecom (SLT) broadband facility with Internet accessibility recently.

This facility was a long-felt need in the area.

By Ravi LADDUWAHETTY

Sri Lanka Telecom (SLT), will inject Rs 5 billion into its wholly owned subsidiary Mobitel ( Pvt) Ltd on a staggered basis over the next six months for an ambitious modernization program of its countrywide network and also to expand its coverage.

Amidst stiff competition amongst Sri Lankan mobile operators to one-up each other in mobile broadband speeds, Sri Lanka Telecom PLC (SLT) is expanding coverage, capacity and network modernization of Mobitel (Pvt) Ltd under a massive investment of Rs.5 billion. The Board of Directors of SLT has decided to invest this money in equity of Mobitel for this purpose, a member of the SLT board told the Business Times.

Sri Lanka Telecom (SLT) joins the Information and Communication Technology Agency of Sri Lanka (ICTA)  in  hosting the Future Gov Forum Sri Lanka ICT Agency of Sri Lanka (ICTA) sources said.  

Sri Lanka Telecom (SLT), the integrated telecommunication solutions provider announced its role as the Strategic Partner of the 2011 CIMA Business Leaders’ Summit. Greg Young, Chief Executive Officer of SLT handed over the sponsorship cheque to Mr. Bradley Emerson, Regional Director - South Asia & Middle East, CIMA, at an official ceremony held at the SLT premises recently.

Sri Lanka Telecom (SLT) this week rejuvenated its brand identity with an emotional and exciting brand identity that heralds the company’s ambitious expansion plans.

Sri Lanka Telecom (SLT) announced its latest company and group financial results for the first Quarter 2011. The company posted a strong group financial performance with a profit before tax (PBT) of Rs 1.71 bn for the first quarter 2011, which is a growth of 82 percent year on year (YoY).

Earlier it was a price war, but now mobile telecommunication companies are racing to deliver faster broadband speeds.

Just one day after Etisalat launched its 3.75 generation broadband network, Sri Lanka Telecom PLC’s (SLT) Mobitel and Dialog Axiata PLC (Dial) announced that they had conducted successful trials on fourth generation (4G) LTE networks, breaking broadband speed records for the first time in South Asia, they both claimed.

The country's premier telecommunication service provider,  Sri Lanka Telecom (SLT) sees unprecedented demand from business with the opening up of new opportunities in North and East.

SLT Chairman Nimal Welgama in his annual review for 2010 has said, SLT moved speedily to restore connectivity in the North and East, as the poor connectivity and outdated network that existed, plagued the advantages of economic development after the end of conflict in 2009.

Sri Lanka Telecom Manpower Solutions (Pvt) Ltd (SLTMS) achieved a landmark when it was given the certification of the International Organisation for Standardisation (ISO) 9001:2008 by DNV.

Sri Lanka Telecom (SLT), notched exemplary milestones for 2010 including the status of being the First Listed Company in Sri Lanka to post a record Rs 50.25 billion in revenue in a Financial Year.

Releasing the SLT Group and Company financial results for the 12 months ending December 31, 2010 the Group also delivered a profit before tax (PBT) of Rs 5.96 billion, with a YoY noteworthy growth of 327 percent, while the Group’s Profit After Tax (PAT) hit Rs 3.94 billion, a remarkable increase of 407 percent.

Plans are underway for businesses and residents to experience the wonders of 4G technology with the launch of Skymax which is the first WiMAX 16e broadband service in Sri Lanka under the Sky Network Private Ltd.

Sri Lanka Telecom (SLT) announced an automatic 100 percent bandwidth upgrade for its existing 'Entree' Broadband customers who will now enjoy speeds up to 1 Mbps; and a significant increase of included data for all volume based broadband packages.

Sri Lanka Telecom (SLT), the number one integrated telecommunications service provider and the leading broadband services provider in the country has made significant enhancements in the quality of Broadband for existing customers.