Dialog to ring better 4G via Rs. 3.2 b LTE spectrum buy

Dialog Axiata recently announced that its 10 MHz tranche of Mobile 4G LTE spectrum auctioned by the Telecommunications Regulatory Commission of Sri Lanka has been secured.
Dialog’s success at securing spectrum for the launch of Mobile 4G LTE services to supplement its 3G HSPA and high speed mobile internet services was followed soon after the company’s fully-owned subsidiary Dialog Broadband Networks launched Sri Lanka’s first 4G LTE service, extending high speed fixed broadband services to Sri Lankan homes and enterprises.

SL gets Rs. 59 b from Japan

Japan has agreed to provide Japanese Yen 41 billion (approximately Rs. 59 billion) for four major development projects following a request from the Government.

 

Commonwealth Secretariat confirms Sri Lanka as venue for 2013 CHOGM Summit

Sri Lanka will host the 2013 Commonwealth Heads of Government Meeting (CHOGM) from 15 to 17 November this year, the Commonwealth Secretariat website said via an announcement dated 11 March.

With $ 21.5 b in his pocket, Mukesh Ambani is Forbes’ wealthiest Indian

REUTERS: Mukesh Ambani retained the top spot among Indians on Forbes’ annual list of the world’s billionaires on Monday with an estimated worth of $ 21.5 billion.
The Head of Reliance Industries was placed 22nd on a list headed by Mexican tycoon Carlos Slim. Ambani was ranked 19th on the list last year.

Axiata eyes Airtel’s Lanka biz – Indian report

Axiata, the Malaysia-based telecom operator has approached Bharti Airtel to acquire the Indian operator’s business in Sri Lanka, according to people privy to the development.
Axiata operates as Dialog Axiata in Sri Lanka. While Bharti Airtel has an estimated share of 8-9% in the Lankan market, Dialog Axiata accounts for 40% market share.