IFS growth outperforms market in 2020 with 26% increase in software revenue
IFS, the global enterprise applications company has seen a 26% Year-on-Year increase in software revenue, according to its financial results for the full year ended December 31, 2020. 2020 saw widespread…
Huawei founder praises U.S. tech in first word from company since Biden inauguration
(Reuters) – The United States remains a “beacon of technology” to be emulated and China’s Huawei Technology should consider cutting products in the wake of U.S. actions against it, the…
Sri Lanka’s mobile and fixed broadband speeds improve in December
Sri Lanka’s mobile and fixed broadband speeds recorded an improvement in December, however, still continued to remain below the pre-pandemic levels, according to Ookla’s latest Speedtest global index. The mobile…
Sri Lanka’s Telephone Penetration Drops in 3Q2020
Sri Lanka’s telephone Penetration (including Cellular Phones) declined by 19.3 percent in the third quarter of last year compared to one year ago. Sri Lanka’s telephone Penetration stood at 164.1…
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Dialog Axiata to acquire Hirdaramani’s H One for Rs 300-350 million
Dialog Axiata PLC has reached an agreement to acquire full ownership of Sri Lanka’s largest reseller of Microsoft enterprise solutions (MSFT) , H one from Hirdaramani Group. “The transaction is…
Key trends in Sri Lankans’ mobility habits during the second wave of COVID-19
COVID 19 has drastically changed the mobility trends around the world. Sri Lanka is no different to these changes and in fact, the country’s mobility trends were extremely volatile with…
The CCC to host Its Annual Sri Lanka Economic Summit virtually amidst COVID-19 threat
The Ceylon Chamber of Commerce CCC) decided to organize its 20th Sri Lanka Economic Summit (SLES) on the 1st and 2nd of December 2020 virtually for the first time in…
Uber, Lyft spend big, win in California vote about drivers
Uber, Lyft and other app-based ride-hailing and delivery services spent $200 million in a winning bet to circumvent California lawmakers and the courts to preserve their business model by keeping…
Elevated capex requirements may force Airtel Lanka to seek a M&A deal – Fitch
Bharti Airtel Lanka may still seek a merger and acquisition (M&A) deal due to competition and higher taxes amid elevated capex requirements, Fitch Rating said a latest report. “Telcos in…