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STOCKS - SRI LANKA STOCKS LIFTED BY TELCO GAINS - JULY 31, 2008.
COLOMBO, July 31 Asia Pulse - Sri Lankan stocks closed higher Thursday, lifted by gains in telecom heavyweights after the dominant fixed line operator Sri Lanka Telecom (SLT) reported a surprise jump in June quarter profits
The All Share Price Index gained 1.41 per cent (34.27 points) to close at 2,463.41 while the more liquid Milanka went up 1.86 per cent (53.95 points) to 2,955.43. Turnover was 507 million rupees.
Dialog Telekom went up 3.57 per cent or 50 cents to 14.50 rupees with almost half-a-million shares traded while SLT rose 3.89 per cent or 1.75 to 46.75 rupees with 42,300 shares changing hands.
Carsons rose 3.84 per cent or 9.25 to 250 rupees
Sri Lanka Telecom reported June quarter profit nearly tripled to 1.5 billion rupees from a year ago helped by its newly profitable mobile subsidiary.
SLT group revenue went up 21 per cent to 11.8 billion rupees over the same period.
Analysts said profits from its mobile unit, Mobitel, helped boost SLT's bottom ...
- Sri Lanka - Sri Lanka Telecom to take tariff case to Supreme Court.
- News wire article from: Asia Africa Intelligence Wire July 29, 2005 700+ words
...Sri Lankan dominant phone firm Sri Lanka Telecom aims to take its case to the...Commission (TRC) to allow Sri Lanka Telecom to increase tariffs. According...Mohan Ratnayake, spokesman for Sri Lanka Telecom, the lawsuit was related to...
- Sri Lanka - Sri Lanka Telecom, HSBC launch online bill payment system.
- Magazine article from: Telecompaper Africa/Asia September 13, 2006 700+ words
...Telecompaper Africa/Asia) Sri Lanka Telecom (SLT) and HSBC have jointly...With the system, customers of Sri Lanka Telecom are now able to pay their bills...commerce solution enables Sri Lanka Telecom to accept any Visa or MasterCard...
- Sri Lanka - Sri Lanka Telecom to acquire Lanka Bell.
- News wire article from: Asia Africa Intelligence Wire October 22, 2003 700+ words
...operator, will be acquired by Sri Lanka Telecom, telecoms operator, from Transmarco (Singapore). Sri Lanka Telecom will use Lanka Bell's wireless...SRs1.5 bil (USDlr15 mil). Sri Lanka Telecom has signed an MoU to acquire...
- Sri Lanka - Sri Lanka Telecom net profit falls in 2003.
- News wire article from: Asia Africa Intelligence Wire March 1, 2004 700+ words
(From RDSL Asia/Africa) Sri Lanka Telecom had SLRs2.25 bil net profit...voluntary retirement scheme. Sri Lanka Telecom is relying on Mobitel, mobile...international call services. Sri Lanka Telecom still has over 80% of fixed...
- Sri Lanka - Sri Lanka Telecom issues USD 100 million bond.
- News wire article from: Asia Africa Intelligence Wire November 22, 2004 700+ words
...Africa) Fixed-line operator Sri Lanka Telecom experienced overwhelming demand...heavily oversubscribed, forcing Sri Lanka Telecom to cancel Middle East and London...wireless telecoms services. Sri Lanka Telecom controls 85 percent of the fixed...
- Sri Lanka - Sri Lanka Telecom targets Lanka Bell.
- News wire article from: Asia Africa Intelligence Wire September 19, 2003 700+ words
...is an acquisition target of Sri Lanka Telecom (Sri Lanka), telecoms operator...to expand into rural areas. Sri Lanka Telecom is eyeing a controlling stake...for a study of Lanka Bell. Sri Lanka Telecom has 790k land line connections...
- Sri Lanka - Sri Lanka Telecom wins wireless CDMA licence.
- News wire article from: Asia Africa Intelligence Wire August 24, 2005 700+ words
...dominant telecoms company, Sri Lanka Telecom, has won a licence by the government...operators Suntel and Lanka Bell. Sri Lanka Telecom chairman Anil Obeyesekere would...The government is aiming for Sri Lanka Telecom to offer 150,000 connections...
- Sri Lanka - Sri Lanka Telecom eyes cable TV operator.
- Magazine article from: Telecompaper Africa/Asia November 13, 2006 700+ words
...Asia) Fixed-line operator Sri Lanka Telecom is conducting due diligence...is completed, according to Sri Lanka Telecom CEO Shuhei Anan. It has applied...broadband and cable TV services. Sri Lanka Telecom has also won approval from the...
- Sri Lanka - Sri Lanka Telecom to issue bonds.
- News wire article from: Asia Africa Intelligence Wire December 30, 2003 700+ words
(From RDSL Asia/Africa) Sri Lanka Telecom (Sri Lanka) will raise over USDlr50 mil via a bond issue...and the bonds could have terms of 5-10 years. Sri Lanka Telecom has 86% of the basic phone services market and...
- Sri Lanka - Sri Lanka Telecom, Mobitel to sponsor Lanka cricket team.
- Magazine article from: Telecompaper Africa/Asia February 16, 2009 700+ words
Sri Lanka Telecom and Mobitel have won sponsorship rights of the Sri Lanka cricket team for LKR 550 million (USD...Dialog and NDB Bank. Under the deal, Sri Lanka Telecom and Mobitel will secure the team rights...
Source: HighBeam Research, STOCKS - SRI LANKA STOCKS LIFTED BY TELCO GAINS - JULY 31, 2008.