Tech

Dialog Axiata Launches World’s First Commercial Virtual Base Station Controller with Ericsson

  • November 7, 2024

Dialog Axiata PLC, Sri Lanka’s leading connectivity provider, has launched the world’s first commercial virtual Base Station Controller (vBSC) in partnership with Ericsson (NASDAQ: ERIC). This pioneering deployment is designed to boost network performance, reliability, and operational efficiency, while significantly reducing operating costs. The vBSC is an advanced virtualized version of the traditional Base Station

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Tech

Dialog Axiata Launches the iPhone 16 Series in Sri Lanka

  • October 23, 2024

Dialog Axiata PLC has announced the launch of the highly anticipated, 5G-ready iPhone 16 series, reaffirming its commitment to innovation and delivering cutting-edge technology to Sri Lankan consumers. The launch event, held on 21 October 2024 at the Dialog Iconic Center, brought together pre-order customers and esteemed guests, showcasing Dialog’s dedication to advancing Sri Lanka’s

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Markets

Sri Lanka Smartphone Market Grows 218% in Q2 2024, Led by Honor and ZTE

  • October 10, 2024

Sri Lanka’s smartphone market experienced a remarkable surge, with 365,000 units shipped in Q2 2024, marking a 218% year-over-year (YoY) growth, according to the International Data Corporation (IDC). This triple-digit growth trend has continued for five consecutive quarters. The surge coincided with major celebrations such as Sinhalese New Year, Vesak Poya, and Poson, during which

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Finance

Dialog Axiata Reports Decline in Revenue and Profit for June Quarter

  • August 14, 2024

Dialog Axiata PLC’s performance for the quarter ending June 2024 was disappointing, with a decline in revenue and increased overhead costs impacting the group’s operating results. The company reported a revenue of Rs. 40.9 billion for the April–June period, marking an 11.7 percent decrease compared to the same quarter last year. The drop in revenue

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Markets

Sri Lankan Market Ends July with LKR 4.0 Bn Turnover Amid Broad Declines

  • August 1, 2024

July ended with a market turnover of LKR 4.0 billion as indices closed in the red due to price losses in key counters such as John Keells Holdings, Sampath Bank, and Melstacorp. The total turnover crossed Rs. 3.9 billion, with notable crossings in Overseas Realty accounting for 74.0% of the turnover. Mixed interest was observed

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Business

People’s Bank and Dialog Axiata Offer Exclusive Credit Card Discounts

  • July 29, 2024

People’s Bank and Dialog Axiata PLC have teamed up to offer exclusive discounts for People’s Bank credit cardholders, enhancing digital accessibility with substantial savings on technology and services. Starting July 26, 2024, People’s Bank credit cardholders will enjoy attractive discounts on Dialog mobile phones, accessories, Home Broadband, and Dialog Television services. This partnership aims to

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Industry Analysis

Dialog Axiata Completes Acquisition of Airtel Lanka and Begins Amalgamation

  • June 28, 2024

Dialog Axiata PLC, Axiata Group Berhad, and Bharti Airtel Ltd. have finalized a share sale transaction, with Dialog acquiring 100% of the issued shares in Bharti Airtel Lanka Ltd. through a share swap. Following this, Axiata holds 73.75% of Dialog, Bharti Airtel owns 10.355%, and the public holds 15.895% of the shares. Dialog plans to

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Business

Dialog Axiata recognised as the most significant FDI contributor by BOI

  • April 26, 2024

Dialog Axiata PLC has been recognized as the most significant Foreign Direct Investment (FDI) contributor by the Board of Investment (BOI), marking a notable achievement in its role towards the country’s economic development. This prestigious accolade, presented during the BOI’s 45th-anniversary celebrations, highlights Dialog’s substantial contributions as Sri Lanka’s largest Foreign Direct Investor, with investments

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