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Sri Lanka’s first carrier-neutral and high-density data center launches at Orion City IT Park

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In a major step forward in Sri Lanka’s rapid transformation towards becoming a South Asian hub for IT and tech-enabled services, Digital Reality (Pvt) Ltd. Last week launched the country’s first carrier-neutral, high-density data center built to TIA Tier-3 standards and a capacity over 200 racks at Orion City IT Park, Colombo 09 under the brand name OrionStellar.

The launch event featured Information and Communication Technology Agency of Sri Lanka (ICTA) Chairman, and Telecommunications Regulatory Commission of Sri Lanka (TRCSL) Director General, Oshada Senanayake as Chief Guest, in addition to attracting enthusiastic participation from numerous high-ranking representatives from Sri Lanka’s burgeoning IT, telco, and corporate sectors, as well as academia and key Government officials, a news release on the event said.

Addressing the gathering, Senanayake said: “Today’s launch of Sri Lanka’s first carrier-neutral data centre is part of an interesting paradigm shift that is already underway. So it is great to see entrepreneurs stepping into this vital space and taking up the challenge of establishing the vital infrastructure necessary for Sri Lanka to unleash its true potential. Particularly in the context of unprecedented volatility, technology has been a key enabler in Sri Lanka’s ambitious transformation towards a US$ 3 billion digital economy

“We have continuously and aggressively invested in the next generation of technologies, and today, many of the essential components – including 7 submarine cables that connect us to the rest of the world – are now in place for Sri Lanka to become one of the region’s most attractive destinations for data hosting. This in addition to digitizing Sri Lanka’s public and private sector. However, we cannot afford to be complacent. Other SAARC countries too are making bold advancements and we cannot afford to fall behind.

“We see immense growth potential for Sri Lanka through the embedding of artificial intelligence and machine learning into public and private sector operations. Together with the robust 5G capabilities that are being set in place today, we believe that Sri Lanka will be able to unleash hyper-growth. Today’s launch of a truly globally competitive data centre is a vitally important advancement in this direction,”

The newly launched high density data center is designed to offer world-class services to support the rapidly escalating demand for computing power in an increasingly digital Sri Lankan economy. It promises the highest energy efficiency and power density up to 15 kW per rack with a total power capacity of 1.5 MW.

“The launch of Sri Lanka’s first, and most power efficient high density data center and the impressive capabilities it offers represents a historic milestone in the development of the island’s IT infrastructure. It is also a momentous step in our mission to radically simplify digital infrastructure challenges for local and regional enterprises, and drastically improve the speed at which they conduct their business.” Digital Realty Chairman, Rajendra Theagarajah said.

“Sri Lanka enjoys several uniquely valuable natural and cultivated advantages which make it an ideal option for safely and reliably storing data at scale. Geographically, we are situated just offshore of one of the largest emerging IT economies and in close proximity to key markets in Asia,” Orion City Founder/Director and Digital Realty Managing Director, Jeevan Gnanam said.

“Our nation also possesses outstanding IT talent and adopts one of the most proactive stances in the region with IT and connected infrastructure. With our DC now online, we will be able to provide clients with best-in-class, globally competitive services to accelerate their digitalization journeys, rationalize core infrastructure costs, and establish stronger levels of security and redundancy, all while reducing energy costs and contributing towards a green and prosperous economy,” Gnanam added.

Built in compliance with the latest ISO 27001 standards and global data center standards (TIA-942 Rated 3), the new data center will deliver the highest levels of reliability, efficiency, and redundancy with 99.98% uptime. The center features power infrastructure with 2 (N+1) UPS systems with 30 minutes battery backup up time, and an N+1 generator system supported with 72-hour fuel bulk tanks ensuring reliable and uninterrupted power supply.

Notably, the facility was also designed with an unmatched focus on environmental sustainability enabled by an in-row cooling system with best-in-class efficiency ratings. As a result, OrionStellar guarantees the best power usage efficiency (PUE) with a design PUE of 1.4. This will translate to power savings up to 40% for clients migrating their IT loads to OrionStellar. The facility also features an unloading bay ready to receive customer inventory for hosting and a staging area to test equipment prior to entering the data hall.

OrionStellar is poised to offer an array of digital infrastructure solutions and value-added managed services to enterprises. It will support the rapidly escalating demand for computing power in an increasingly digital Sri Lankan economy and the region at large, with a special emphasis on providing highly cost-effective data offshoring services for regional enterprise powerhouses.

The long-term business purpose is to “simplify enterprise digital infrastructure challenges to accelerate digitalization and growth” according to COO of OrionStellar, Nalaka W. Bandara, a specialist in enterprise communication solutions and data center businesses with over 20 years of collective experience.

OrionStellar colocation solutions have been designed to meet the needs of different business segments with varying requirements. The facility has already designated white labeled space for telcos and larger MNCs, featuring dedicated cages with biometric access control for large enterprises. Individual racks with biometric or lockable doors and U level hosting for SME and startup hosting needs are among the product options complemented with “Remote Pair of Hands” service as a value addition.

Notably, each co-location space or rack will be individually monitored, even to U level, for power delivery and consumption to ensure that clients only pay for what they use, enabling cost visibility and control in their digital infrastructure investments.

Further, the OrionStellar data center offers an array of value-added services including storage as a service, back up as a service to secure mission critical enterprise data, disaster recovery solutions during unexpected downtime and cost-effective data center migration services with minimal disruption to core business functions.

Orion Towers at Orion City is equipped with state-of-the-art facilities and a full spectrum of services, offering prime workspace solutions ranging from custom-built, office spaces, dedicated seating space, shared seating and BCP Seating. OrionStellar client companies can conveniently co-locate their IT Network Operations Centers (NOCs) closest to the data center with convenient access to banks, shopping centers, recreational facilities, food-courts, and fine-dining restaurants.

“The OrionStellar data center is guaranteed to unleash a new wave of tech-enabled opportunities across the entire spectrum of local enterprises – from SMEs and tech-startups to large corporates and regional MNCs,” Jeevan Gnanam asserted. He further explained that “with the launch of this high-density data center, we aim to establish the most secure and scalable infrastructure to position Sri Lanka as a hub in this digital economy.”



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Business

Dialog delivers strong growth, stronger national contribution in FY 2025

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Dialog Axiata PLC announced, Friday 6th February 2026, its consolidated financial results (Reviewed) for the year ended 31st December 2025. Financial results included those of Dialog Axiata PLC (the “Company”) and of the Dialog Axiata Group (the “Group”).

Group Performance

The Group delivered a strong performance across Mobile, Fixed Line and Digital Pay Television businesses recording a positive Core Revenue growth of 16% Year to Date (“YTD”). Group Headline Revenue reached Rs179.6Bn, up 5% YTD, despite the continued strategic scaling down of low-margin international wholesale business. In Q4 2025, Revenue was recorded at Rs46.5Bn up 2% Quarter-on-Quarter (“QoQ”) and 2% Year-on-Year (“YoY”).

The Group Earnings Before Interest, Tax, Depreciation and Amortisation (“EBITDA”) reached Rs86.0Bn up 30% YTD supported by Core Revenue performance and Cost Rescaling Initiatives. On a QoQ basis Group EBITDA demonstrated a modest growth to record at Rs23.0Bn up 2% QoQ with an EBITDA margin of 49.5% in line with the Revenue performance. Group EBITDA margin reached 47.9% for FY 2025, up 9.2pp.

Group Net Profit After Tax (“NPAT”) reached Rs20.8Bn for FY 2025, up 67% YTD mainly resulting from robust EBITDA growth, despite higher tax and net finance costs. Normalized for forex impact, NPAT growth was recorded at +>100% YTD to reach Rs22.1Bn. On a QoQ basis NPAT grew 3% to reach Rs5.9Bn resulting from strong EBITDA performance.

On the back of strong operational performance, the Group recorded Operating Free Cash Flow (“OFCF”)

of Rs49.3Bn for FY 2025 up >100% YTD.

Dividend Payment to Shareholders

In line with the dividend policy and financial performance of the Group and taking into account the forward investment requirements to serve the nation’s demand for Broadband and Digital services, the Board of Directors of Dialog Axiata PLC at its meeting held on 6th February 2026, resolved to propose for consideration by the Shareholders of the Company, a dividend to ordinary shareholders amounting to Rs1.50 per share. The said dividend, if approved by shareholders, would translate to a Dividend Yield of 5.0% based on share closing price for FY 2025. The dividend so proposed will be considered for approval by the shareholders at the Annual General Meeting (AGM) of the Company, the date pertaining to which would be notified in due course.

Company and Subsidiary Performance

At an entity level, Dialog Axiata PLC (the “Company”) continued to be the primary contributor to Group Revenue (76%) and Group EBITDA (74%). Aided by sustained growth in the Data segment and cost-rescaling initiatives, Company revenue was recorded at Rs135.8Bn for FY 2025, up 18% YTD, EBITDA rose 32% YTD to reach Rs63.6Bn. On a QoQ basis, Q4 2025 Revenue was recorded at Rs34.8Bn, down 1% QoQ due to a reclassification of Hubbing Revenue, while EBITDA decline 1% QoQ to record Rs17.0Bn, largely attributable to network restoration costs and donations made in relation to the Cyclone Ditwah relief efforts. Furthermore, NPAT was recorded at Rs15.6Bn for FY 2025, up 41% YTD. Normalised for forex impacts, the company NPAT was up +>100% YTD to reach Rs17.0Bn. On a QoQ basis, Company NPAT was recorded at Rs4.5Bn, down 6% QoQ.

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Ceylinco Life’s Pranama Scholarships reach 25-year milestone

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Ceylinco Life has announced the launch of the 25th consecutive edition of its flagship Pranama Scholarships programme, marking a significant milestone in the company’s long-standing commitment to recognising and rewarding excellence among the children of its policyholders.

Under the 2026 programme, the life insurance market leader will present scholarships with a total cumulative value of Rs. 22.7 million, continuing a rewards initiative that has now been conducted without interruption for a quarter of a century. Since its inception, the Ceylinco Life Pranama Scholarships programme has benefitted 3,466 students across the country, representing a total investment of Rs. 240 million in nurturing academic achievement and outstanding performance in sports, arts and other extracurricular pursuits.

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Sri Lankans’ artistic genius glowingly manifests at Kala Pola ‘26

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The spirit of Sri Lanka as it was ably captured by an artist.

The artistic genius of Sri Lankans was amply manifest all over again at ‘Kala Pola ‘26’ which was held on February 8th at Ananda Coomaraswamy Mawatha Colombo 7; the usual, teeming and colourful venue for this annual grand exhibition and celebration of the work of local visual artists.

If there is one thing that has flourished memorably and resplendently in Sri Lanka over the centuries it is the artistic capability or genius of its people. It is something that all Sri Lankans could feel a sense of elation over because from the viewpoint of the arts, Sri Lanka is second to no other nation. With regard to the visual arts a veritable dazzling radiance of this inborn and persisting capability is seen at the annual open air ‘Kala Pola’.

A bird of Sri Lanka created from scraps of iron waste.

All capable visual artists, wherever they hail from in Sri Lanka, enjoy the opportunity of exhibiting their work at the ‘Kala Pola’ and this is a distinctive ‘positive’ of this annual event that draws numberless artists and viewers. There was an abundance of paintings, sketches and sculptures, for instance, and one work was as good as the other. Ample and equal space was afforded each artist. Its widely participatory and open nature enables one to describe the exhibition as exuding a profoundly democratic ethos.

Accordingly, this time around at ‘Kala Pola ‘26’ too Sri Lankans’ creative efforts were there to be viewed, studied and enjoyed in the customary carnival atmosphere where connoisseurs, local and foreign, met in a sprit of camaraderie and good cheer. Many thanks are owed once again to the George Keyt Foundation for the presentation of the event in association with the John Keells Group and the John Keells Foundation, not forgetting the Nations Trust Bank, which was the event’s Official Banking Partner. The exhibition was officially declared open by Chief Guest Marc-Andre Franche, UN Resident Coordinator in Sri Lanka.

By Lynn Ockersz

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