December 28, 2014 3:51 AM ET

Diversified Telecommunication Services

Company Overview of Dialog Broadband Networks (Private) Ltd

Company Overview

Dialog Broadband Networks (Private) Ltd offers mobile and broadband telecommunication and Internet services. It was formerly known as MTT Network (Private) Limited. The company was incorporated in 1993 and is based in Colombo, Sri Lanka. As of December 22, 2005, Dialog Broadband Networks (Private) Ltd operates as a subsidiary of Dialog Axiata Plc.

5th Floor

IBM Building

48, Nawam Mawatha

Colombo,  00200

Sri Lanka

Founded in 1993

Phone:

94 11 22567858

Fax:

94 11 2567865

Key Executives for Dialog Broadband Networks (Private) Ltd

Dialog Broadband Networks (Private) Ltd does not have any Key Executives recorded.

Dialog Broadband Networks (Private) Ltd Key Developments

Dialog Broadband Networks Announces Earnings Results for the Nine Months Ended September 30, 2014

Dialog Broadband Networks announced earnings results for the nine months ended September 30, 2014. For the period, the company recorded revenue of LKR 4.5 billion, representing an increase of 3% year to date. Following the expiration of VAT credits totaling to LKR 392 million recognized during the corresponding period in 2013, the company EBITDA contracted 26% year to date to reach LKR 909 million. The company’s net loss for the same period was recorded at LKR 924 million relative to the net loss of LKR 280 million in the corresponding period of 2013. Negative NPAT performance was attributed to the decline in EBITDA in combine with the increase in depreciation due to Fixed 4G-LTE related investments.

Dialog Broadband Networks Reports Earnings Results for the First Half Ended June 30, 2014

Dialog Broadband Networks reported earnings results for the first half ended June 30, 2014. For the period, the company recorded revenue of LKR 3.0 billion, representing an increase of 2% year to date. EBITDA contracted 41% year to date to reach LKR 507 million. Net loss was recorded at LKR 655 million relative to the net loss of LKR 97 million in the corresponding period of 2013. Negative movement in NPAT performance was underpinned by the decline in EBITDA in combine with the increase in depreciation stemming from Fixed 4G LTE related investments.

Dialog Broadband Networks (Private) Ltd Announces Earnings Results for the First Quarter Ended March 31, 2014

Dialog Broadband Networks (Private) Ltd. announced earnings results for the first quarter ended March 31, 2014. For the quarter, the company recorded stable revenue of LKR 1.5 billion for the first quarter of 2014. Following the expiration of VAT credits recognised during the previous year, the company’s EBITDA contracted 39% on a year on year basis to reach LKR 248 million. The company’s net loss was recorded at LKR 311 million relative to the net loss of LKR 62 million in the corresponding period of 2013. Negative movement in NPAT performance was underpinned by the decline in EBITDA in combine with the increase in depreciation related to Fixed 4G LTE related investments.

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