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Tag Archives: profit


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Sri Lanka telecom FDI: Is this the high point?

Meeting the traget of a billion dollars of FDI in 2008 seems to rest on foreign investment continuing at a high rate in telecom.  After all, in the first half of the year, telecom brought in USD 291 million, out of a total of USD 425.  However, the increasing hostility to the sector driven by [...]

Poor economy and taxes begin to bite in Sri Lanka

Hutch, a pure BOP play that was making very good profits, has reported declining profits and revenue growth.  One quarter does not a trend make.  But seen together with Dialog’s bad results for the last quarter, it suggests things are not looking good for the telecom sector which is taking multiple hits with tripled spectrum [...]

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