Sept 12, Colombo: Fitch Ratings has affirmed Sri Lanka's Sri Lanka's largest telecommunications service provider Dialog Axiata an 'AAA(lka)' National Long-Term rating at a Stable Outlook.
Dialog, a subsidiary of Axiata Group Berhad of Malaysia and Dialog with a market capitalization of Rs. 69.2 billion, is the market leader in domestic mobile telecommunications with a subscriber market share of over 8.7 million subscribers at the end of 2013.
Parent support from Axiata Group Berhad of Malaysia, both during the normal course of business and during periods of financial stress, is a key rating driver for Fitch to affirm the 'AAA' rating. . Fitch believes that Axiata is likely to provide financial support, if required, to Dialog as it has in the past.
The full rating release issued by Fitch can be found here.
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Dialog Axiata PLC – Sri Lanka’s leading mobile telecommunication provider – yesterday announced that it will support the EC-Council Cyber Security Summit 2014 as the official mobile partner.
The partnership is for the second consecutive year.
The summit on 5 August in Colombo will comprise a Leadership Forum with CEOs of top corporations, Cyber Security Summit for IT professions targeting senior officials from the corporate and government sectors, and a ‘Night Hack’ – an informative evening.
The summit will feature high profiled international IT security experts including those who have worked with the Interpol and Fortune 500 companies.
Titled ‘EC-Council Cyber Security Summit 2014’, the event is co-organised by CICRA Consultancies Ltd. – Sri Lanka’s pioneering cyber security training and consultancy provider – and the Daily FT.
Dialog Axiata’s Chief Technology Officer, Pradeep De Almeida, said: “We are delighted to join hands with CICRA and the Daily FT for a second year running to partner the Cyber Security Summit.”
“This is an important forum in the corporate agenda, as the burgeoning digital products, services and applications realm presents numerous opportunities and challenges to individuals and business alike. Dialog has spearheaded the communications and technology transformation in Sri Lanka, and we are privileged to partner this most significant forum,” De Almeida said at ceremony to announce Dialog’s partnership with the summit.
Dialog Axiata, a member of Axiata Group Berhad is Sri Lanka’s largest mobile telecom service provider, serving over 8.7 million Sri Lankans. Sri Lanka’s largest Foreign Direct Investor with investments totaling over $ 1.7 billion, Dialog has been at the forefront of innovation in the mobile industry in Sri Lanka, propelling the nation’s telephony infrastructure to a level of advancement on par with the developed world.
Speaking at the ceremony, CICRA Director/CEO Boshan Dayaratne said that Cyber Security Summit 2013 was a tremendous success and he expected that this year’s summit to create more awareness amongst the corporates on cyber security risks and how to mitigate those perils.
“As cyber security threats skyrocket and not even a day passes by without a cyber-security breach on a corporate or a government entity on its IT infrastructure, we are pleased to see that Dialog has joined hands with ‘EC-Council Cyber Security Summit 2014’ in Sri Lanka,” Dayaratne said.
The main objective of the summit is to create awareness on the importance of cyber security and to provide top officers in the Government, top private sector leaders, IT professionals with the best practices in acquiring, implementing, managing and measuring information security postures of their organisations and countermeasures.
The summit will also highlight latest flaws in information security that affects the global community including the corporations and the governments. Discussions and presentations will revolve around some of the most malicious attacks and potential threats surrounding the security field.
EC-Council stands for International Council of Electronic Commerce Consultants.
“EC-Council is the world’s largest vendor neutral cyber security education provider based in USA. It is the owner and developer of the world famous Certified Ethical Hacker course (C|EH), Computer Hacking Forensics Investigator program (C|HFI), License Penetration Tester (L|PT) program and various other programs offered worldwide,” Dayaratne said.
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