Dr.
Hans Wijayasuriya warns capability of telecommunication sector to
deliver economic returns in the medium term is at risk unless structural
corrections in industry pricing and cost structures are implemented -
See more at:
http://www.nation.lk/edition/biz-news/item/29757-dialog-to-commission-submarine-cable-by-end-2014.html#sthash.iV6Wt84x.zcyf75q4.dpuf
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| Dr. Hans Wijayasuriya |
Addressing shareholders at the release of the firm’s Annual Report 2013, Director/Group Chief Executive of Dialog Axiata Plc, Dr. Hans Wijayasuriya said that the investment is being made focusing ahead on the imperative of establishing a robust pipe to the Global Internet with capacity and speed commensurate with the burgeoning demand for Broadband services projected going forward.
“Dialog’s investment in the new high speed submarine cable and cable landing station will trigger the single largest infusion of International Bandwidth to Sri Lanka to date. The BBG cable will link Sri Lanka to high capacity Internet hubs in Singapore and India and to onward submarine cable pipes to Europe and the USA,” Dr. Wijayasuriya pointed out.
He noted that Dialog’s investments in Terrestrial (National) and Submarine (International) Fibre Optic infrastructure will combine with its fourth generation LTE customer access networks to deliver affordable and widely available High Speed Broadband services to businesses and consumers across Sri Lanka.
Meanwhile, commenting on the profitability of the industry given the high infrastructure investments involved, Dr. Wijayasuriya, warned that the capability of the telecommunication sector to deliver economic returns to shareholders in real terms may be at risk in the medium term unless structural corrections with respect to industry pricing and cost structures are implemented on an expeditious basis.
“Notwithstanding healthy macro and microeconomic fundamentals, industrial costs including but not limited to fuel, electricity and the cumulative costs of indirect inputs exhibited substantive increase during the Year 2013. Accordingly, direct and indirect cost expansion placed substantive pressure on operating margins and network development cost structures,” he said.
He pointed out that the portfolio of strategies and policies required to guide the sector through the challenging period of Voice to Data Conversion, would no doubt need to target the restoration of margins and profitability of Data and Broadband services.
“We believe that the principle policy frameworks required to secure data profitability would feature among others, the encouragement of constructs such as network sharing and collaborative investment, in tandem with the enforcement of a rational and cost based pricing environment capable of meeting the dual objectives of consumer affordability and fair returns on investment to service providers,” Dr. Wijayasuriya said.
Mobile subscriptions in 2013 increased to 20.3 million, while Fixed Telephone lines decreased to a total of 2.7 million. During the course of 2013, Broadband penetration levels increased from 6.7% to 9.8% underpinned by the expansion of service availability and successive reductions in Broadband tariffs to levels recognized by the International Telecommunication Union (ITU) to be the lowest globally.
The Dialog Group demonstrated strong revenue growth across Mobile, International, Digital Pay Television, Tele-infrastructure and Fixed Line businesses to record consolidated revenue of Rs.63.3 billion for FY 2013, delivering a Year on Year growth of 12%.
Following the expiry of the Tax Holiday of Dialog Axiata PLC (DAP) at the end of 2012, the Year 2013 featured a provision for income tax amounting to Rs.1.1 billion. Post recognition of this maiden income tax provision, NPAT for the Year 2013 was recorded at Rs.5.2 billion, a decrease of 14% compared to FY 2012 during which a Tax Provision was not recorded in keeping with the terms of the Company’s tax holiday.
Dialog Axiata PLC, featuring the Mobile, International and Tele-Infrastructure business of the Group, continued to leverage its market leading position within Sri Lanka’s mobile sector to capture approximately one million subscribers during the course of the year, and record a subscriber base of 8.7 million as at the end of FY 2013.
- See more at: http://www.nation.lk/edition/biz-news/item/29757-dialog-to-commission-submarine-cable-by-end-2014.html#sthash.iV6Wt84x.zcyf75q4.dpuf
Sri
Lanka’s Dialog Axiata PLC, which entered into an agreement with the Bay
of Bengal Gateway (BBG) Consortium to land a high capacity submarine
cable through a Cable Landing Station to be located in Colombo last
year, will commission the submarine cable and cable landing station in
the fourth Quarter of 2014, a top official has announced.
Addressing shareholders at the release of the firm’s Annual Report 2013,
Director/Group Chief Executive of Dialog Axiata Plc, Dr. Hans Wijayasuriya said that the investment is being made focusing ahead on the imperative of establishing a robust pipe to the Global Internet with capacity and speed commensurate with the burgeoning demand for Broadband services projected going forward.
“Dialog’s investment in the new high speed submarine cable and cable landing station will trigger the single largest infusion of International Bandwidth to Sri Lanka to date.
The BBG cable will link Sri Lanka to high capacity Internet hubs in Singapore and India and to onward submarine cable pipes to Europe and the USA,” Dr. Wijayasuriya pointed out.
He noted that Dialog’s investments in Terrestrial (National) and Submarine (International) Fibre Optic infrastructure will combine with its fourth generation LTE customer access networks to deliver affordable and widely available High Speed Broadband services to businesses and consumers across Sri Lanka.
Meanwhile, commenting on the profitability of the industry given the high infrastructure investments involved, Dr. Wijayasuriya, warned that the capability of the telecommunication sector to deliver economic returns to shareholders in real terms may be at risk in the medium term unless structural corrections with respect to industry pricing and cost structures are implemented on an expeditious basis.
“Notwithstanding healthy macro and microeconomic fundamentals, industrial costs including but not limited to fuel, electricity and the cumulative costs of indirect inputs exhibited substantive increase during the Year 2013. Accordingly, direct and indirect cost expansion placed substantive pressure on operating margins and network development cost structures,” he said.
He pointed out that the portfolio of strategies and policies required to guide the sector through the challenging period of Voice to Data Conversion, would no doubt need to target the restoration of margins and profitability of Data and Broadband services.
“We believe that the principle policy frameworks required to secure data profitability would feature among others, the encouragement of constructs such as network sharing and collaborative investment, in tandem with the enforcement of a rational and cost based pricing environment capable of meeting the dual objectives of consumer affordability and fair returns on investment to service providers,” Dr. Wijayasuriya said.
Mobile subscriptions in 2013 increased to 20.3 million, while Fixed Telephone lines decreased to a total of 2.7 million. During the course of 2013, Broadband penetration levels increased from 6.7% to 9.8% underpinned by the expansion of service availability and successive reductions in Broadband tariffs to levels recognized by the International Telecommunication Union (ITU) to be the lowest globally.
The Dialog Group demonstrated strong revenue growth across Mobile, International, Digital Pay Television, Tele-infrastructure and Fixed Line businesses to record consolidated revenue of Rs.63.3 billion for FY 2013, delivering a Year on Year growth of 12%.
Following the expiry of the Tax Holiday of Dialog Axiata PLC (DAP) at the end of 2012, the Year 2013 featured a provision for income tax amounting to Rs.1.1 billion. Post recognition of this maiden income tax provision, NPAT for the Year 2013 was recorded at Rs.5.2 billion, a decrease of 14% compared to FY 2012 during which a Tax Provision was not recorded in keeping with the terms of the Company’s tax holiday.
Dialog Axiata PLC, featuring the Mobile, International and Tele-Infrastructure business of the Group, continued to leverage its market leading position within Sri Lanka’s mobile sector to capture approximately one million subscribers during the course of the year, and record a subscriber base of 8.7 million as at the end of FY 2013.
- See more at: http://www.nation.lk/edition/biz-news/item/29757-dialog-to-commission-submarine-cable-by-end-2014.html#sthash.iV6Wt84x.zcyf75q4.dpuf
Addressing shareholders at the release of the firm’s Annual Report 2013,
Director/Group Chief Executive of Dialog Axiata Plc, Dr. Hans Wijayasuriya said that the investment is being made focusing ahead on the imperative of establishing a robust pipe to the Global Internet with capacity and speed commensurate with the burgeoning demand for Broadband services projected going forward.
“Dialog’s investment in the new high speed submarine cable and cable landing station will trigger the single largest infusion of International Bandwidth to Sri Lanka to date.
The BBG cable will link Sri Lanka to high capacity Internet hubs in Singapore and India and to onward submarine cable pipes to Europe and the USA,” Dr. Wijayasuriya pointed out.
He noted that Dialog’s investments in Terrestrial (National) and Submarine (International) Fibre Optic infrastructure will combine with its fourth generation LTE customer access networks to deliver affordable and widely available High Speed Broadband services to businesses and consumers across Sri Lanka.
Meanwhile, commenting on the profitability of the industry given the high infrastructure investments involved, Dr. Wijayasuriya, warned that the capability of the telecommunication sector to deliver economic returns to shareholders in real terms may be at risk in the medium term unless structural corrections with respect to industry pricing and cost structures are implemented on an expeditious basis.
“Notwithstanding healthy macro and microeconomic fundamentals, industrial costs including but not limited to fuel, electricity and the cumulative costs of indirect inputs exhibited substantive increase during the Year 2013. Accordingly, direct and indirect cost expansion placed substantive pressure on operating margins and network development cost structures,” he said.
He pointed out that the portfolio of strategies and policies required to guide the sector through the challenging period of Voice to Data Conversion, would no doubt need to target the restoration of margins and profitability of Data and Broadband services.
“We believe that the principle policy frameworks required to secure data profitability would feature among others, the encouragement of constructs such as network sharing and collaborative investment, in tandem with the enforcement of a rational and cost based pricing environment capable of meeting the dual objectives of consumer affordability and fair returns on investment to service providers,” Dr. Wijayasuriya said.
Mobile subscriptions in 2013 increased to 20.3 million, while Fixed Telephone lines decreased to a total of 2.7 million. During the course of 2013, Broadband penetration levels increased from 6.7% to 9.8% underpinned by the expansion of service availability and successive reductions in Broadband tariffs to levels recognized by the International Telecommunication Union (ITU) to be the lowest globally.
The Dialog Group demonstrated strong revenue growth across Mobile, International, Digital Pay Television, Tele-infrastructure and Fixed Line businesses to record consolidated revenue of Rs.63.3 billion for FY 2013, delivering a Year on Year growth of 12%.
Following the expiry of the Tax Holiday of Dialog Axiata PLC (DAP) at the end of 2012, the Year 2013 featured a provision for income tax amounting to Rs.1.1 billion. Post recognition of this maiden income tax provision, NPAT for the Year 2013 was recorded at Rs.5.2 billion, a decrease of 14% compared to FY 2012 during which a Tax Provision was not recorded in keeping with the terms of the Company’s tax holiday.
Dialog Axiata PLC, featuring the Mobile, International and Tele-Infrastructure business of the Group, continued to leverage its market leading position within Sri Lanka’s mobile sector to capture approximately one million subscribers during the course of the year, and record a subscriber base of 8.7 million as at the end of FY 2013.
- See more at: http://www.nation.lk/edition/biz-news/item/29757-dialog-to-commission-submarine-cable-by-end-2014.html#sthash.iV6Wt84x.zcyf75q4.dpuf
Sri
Lanka’s Dialog Axiata PLC, which entered into an agreement with the Bay
of Bengal Gateway (BBG) Consortium to land a high capacity submarine
cable through a Cable Landing Station to be located in Colombo last
year, will commission the submarine cable and cable landing station in
the fourth Quarter of 2014, a top official has announced.
Addressing shareholders at the release of the firm’s Annual Report 2013,
Director/Group Chief Executive of Dialog Axiata Plc, Dr. Hans Wijayasuriya said that the investment is being made focusing ahead on the imperative of establishing a robust pipe to the Global Internet with capacity and speed commensurate with the burgeoning demand for Broadband services projected going forward.
“Dialog’s investment in the new high speed submarine cable and cable landing station will trigger the single largest infusion of International Bandwidth to Sri Lanka to date.
The BBG cable will link Sri Lanka to high capacity Internet hubs in Singapore and India and to onward submarine cable pipes to Europe and the USA,” Dr. Wijayasuriya pointed out.
He noted that Dialog’s investments in Terrestrial (National) and Submarine (International) Fibre Optic infrastructure will combine with its fourth generation LTE customer access networks to deliver affordable and widely available High Speed Broadband services to businesses and consumers across Sri Lanka.
Meanwhile, commenting on the profitability of the industry given the high infrastructure investments involved, Dr. Wijayasuriya, warned that the capability of the telecommunication sector to deliver economic returns to shareholders in real terms may be at risk in the medium term unless structural corrections with respect to industry pricing and cost structures are implemented on an expeditious basis.
“Notwithstanding healthy macro and microeconomic fundamentals, industrial costs including but not limited to fuel, electricity and the cumulative costs of indirect inputs exhibited substantive increase during the Year 2013. Accordingly, direct and indirect cost expansion placed substantive pressure on operating margins and network development cost structures,” he said.
He pointed out that the portfolio of strategies and policies required to guide the sector through the challenging period of Voice to Data Conversion, would no doubt need to target the restoration of margins and profitability of Data and Broadband services.
“We believe that the principle policy frameworks required to secure data profitability would feature among others, the encouragement of constructs such as network sharing and collaborative investment, in tandem with the enforcement of a rational and cost based pricing environment capable of meeting the dual objectives of consumer affordability and fair returns on investment to service providers,” Dr. Wijayasuriya said.
Mobile subscriptions in 2013 increased to 20.3 million, while Fixed Telephone lines decreased to a total of 2.7 million. During the course of 2013, Broadband penetration levels increased from 6.7% to 9.8% underpinned by the expansion of service availability and successive reductions in Broadband tariffs to levels recognized by the International Telecommunication Union (ITU) to be the lowest globally.
The Dialog Group demonstrated strong revenue growth across Mobile, International, Digital Pay Television, Tele-infrastructure and Fixed Line businesses to record consolidated revenue of Rs.63.3 billion for FY 2013, delivering a Year on Year growth of 12%.
Following the expiry of the Tax Holiday of Dialog Axiata PLC (DAP) at the end of 2012, the Year 2013 featured a provision for income tax amounting to Rs.1.1 billion. Post recognition of this maiden income tax provision, NPAT for the Year 2013 was recorded at Rs.5.2 billion, a decrease of 14% compared to FY 2012 during which a Tax Provision was not recorded in keeping with the terms of the Company’s tax holiday.
Dialog Axiata PLC, featuring the Mobile, International and Tele-Infrastructure business of the Group, continued to leverage its market leading position within Sri Lanka’s mobile sector to capture approximately one million subscribers during the course of the year, and record a subscriber base of 8.7 million as at the end of FY 2013.
- See more at: http://www.nation.lk/edition/biz-news/item/29757-dialog-to-commission-submarine-cable-by-end-2014.html#sthash.iV6Wt84x.zcyf75q4.dpuf
Addressing shareholders at the release of the firm’s Annual Report 2013,
Director/Group Chief Executive of Dialog Axiata Plc, Dr. Hans Wijayasuriya said that the investment is being made focusing ahead on the imperative of establishing a robust pipe to the Global Internet with capacity and speed commensurate with the burgeoning demand for Broadband services projected going forward.
“Dialog’s investment in the new high speed submarine cable and cable landing station will trigger the single largest infusion of International Bandwidth to Sri Lanka to date.
The BBG cable will link Sri Lanka to high capacity Internet hubs in Singapore and India and to onward submarine cable pipes to Europe and the USA,” Dr. Wijayasuriya pointed out.
He noted that Dialog’s investments in Terrestrial (National) and Submarine (International) Fibre Optic infrastructure will combine with its fourth generation LTE customer access networks to deliver affordable and widely available High Speed Broadband services to businesses and consumers across Sri Lanka.
Meanwhile, commenting on the profitability of the industry given the high infrastructure investments involved, Dr. Wijayasuriya, warned that the capability of the telecommunication sector to deliver economic returns to shareholders in real terms may be at risk in the medium term unless structural corrections with respect to industry pricing and cost structures are implemented on an expeditious basis.
“Notwithstanding healthy macro and microeconomic fundamentals, industrial costs including but not limited to fuel, electricity and the cumulative costs of indirect inputs exhibited substantive increase during the Year 2013. Accordingly, direct and indirect cost expansion placed substantive pressure on operating margins and network development cost structures,” he said.
He pointed out that the portfolio of strategies and policies required to guide the sector through the challenging period of Voice to Data Conversion, would no doubt need to target the restoration of margins and profitability of Data and Broadband services.
“We believe that the principle policy frameworks required to secure data profitability would feature among others, the encouragement of constructs such as network sharing and collaborative investment, in tandem with the enforcement of a rational and cost based pricing environment capable of meeting the dual objectives of consumer affordability and fair returns on investment to service providers,” Dr. Wijayasuriya said.
Mobile subscriptions in 2013 increased to 20.3 million, while Fixed Telephone lines decreased to a total of 2.7 million. During the course of 2013, Broadband penetration levels increased from 6.7% to 9.8% underpinned by the expansion of service availability and successive reductions in Broadband tariffs to levels recognized by the International Telecommunication Union (ITU) to be the lowest globally.
The Dialog Group demonstrated strong revenue growth across Mobile, International, Digital Pay Television, Tele-infrastructure and Fixed Line businesses to record consolidated revenue of Rs.63.3 billion for FY 2013, delivering a Year on Year growth of 12%.
Following the expiry of the Tax Holiday of Dialog Axiata PLC (DAP) at the end of 2012, the Year 2013 featured a provision for income tax amounting to Rs.1.1 billion. Post recognition of this maiden income tax provision, NPAT for the Year 2013 was recorded at Rs.5.2 billion, a decrease of 14% compared to FY 2012 during which a Tax Provision was not recorded in keeping with the terms of the Company’s tax holiday.
Dialog Axiata PLC, featuring the Mobile, International and Tele-Infrastructure business of the Group, continued to leverage its market leading position within Sri Lanka’s mobile sector to capture approximately one million subscribers during the course of the year, and record a subscriber base of 8.7 million as at the end of FY 2013.
- See more at: http://www.nation.lk/edition/biz-news/item/29757-dialog-to-commission-submarine-cable-by-end-2014.html#sthash.iV6Wt84x.zcyf75q4.dpuf
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