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Postal Service: Sri Lanka Post. Radio broadcast stations: AM 15, FM 54, SW 5 Television broadcast stations: 19 (2009) Satellite Earth Stations located: Padukka and Colombo. Internet Service Providers: 9 Country code / Top-level domain: +94/LK
Dialog Axiata is an investor under the aegis of the Board of Investment of Sri Lanka and has invested over US $ 3 billion towards the development of telecommunications infrastructure, thus becoming the single largest contributor to Sri Lankan foreign direct investment (FDI) to date. [11]
Sri Lanka Telecom PLC (Sinhala: ශ්රී ලංකා ටෙලිකොම්, romanized: Śrī Laṃkā Ṭelikom, Tamil: ஸ்ரீலங்கா டெலிகொம்), doing business as SLT-MOBITEL, is the national telecommunications services provider in Sri Lanka and one of the country's largest companies [3] with an annual turnover in excess of Rs 100 billion.
Initially it was called as "CallLink" and was the second mobile operator in Sri Lanka. Hutchison acquired its services in 1998 with the aim of being a nationwide operator in Sri Lanka. As of September 2018, Hutch has network coverage of approximately 90% of the entire island. Hutch announced that they acquired Etisalat on 30 November 2018.
Etisalat acquired Sri Lankan operations of Millicom International (Tigo Sri Lanka). The acquisition was completed with a total enterprise value of 207 Million US$, out of which 155 Million US$ was in cash. [6] Etisalat changed the Operator/Brand Name Tigo to Etisalat on 25 February 2010.
The S&P SL20 Index was initiated on 18 June 2012 and was launched in Colombo on 26 June 2012. [1] [3] Further to the introduction of S&P SL20, on 1 January 2013, Milanka Price Index, which had till then tracked the performance of 25 best performing stocks in Sri Lanka, was discontinued. [6]
It is based on market capitalisation. Weighting of shares is conducted in proportion to the issued ordinary capital of the listed companies, valued at current market price (i.e. market capitalisation). The base year is 1985, and the base value of the index is 100. This is the longest and the broadest measure of the Sri Lankan Stock market.
The Sri Lankan economic crisis [8] is a in Sri Lanka that started in 2019. [9] It is the country's worst economic crisis since its independence in 1948. [9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities. [10]
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