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Axiata Group Bhd’s share price fell 4.87% at mid-day after the group and its majority owned subsidiary Ncell Pte Ltd were ordered by the Nepal Supreme Court to pay capital gains tax of 61 billion Nepalese rupees (RM2.16 billion) for the Ncell buyout deal. At…
Nepal’s Ncell Axiata has contracted ZTE to provide network virrtualization technologies for a new virtual subscriber data management (vSDM) platform. The operator’s vSDM platform will use advanced virtualization, advanced distributed architecture,…
Nepal’s Ncell has announced the launch of 4G services, despite reports that the company is to have its 4G license withheld due to a tax dispute. In a statement, Ncell said it has launched 4G in Kathmandu, Nagarkot, Banepa and Dhulikhel, and has set a target…
The Nepal Telecommunications Authority (NTA) has backtracked on its decision to grant Ncell a 4G license in response to a directive from the parliamentary Public Accounts Committee (PAC). The committee recently directed the regulator to prevent Ncell from…
The Nepal Telecommunications Authority (NTA) has cleared operator Ncell to launch 4G services over its existing 900-MHz and 1800-MHz spectrum holdings, paving the way for the operator to compete with Nepal Telecom. The telecoms regulator has informed Ncell it…
Malaysia-based Axiata Group has entered the Nepal telecoms market with the acquisition of the nation’s largest mobile operator Ncell. Axiata has paid $1.36 billion for an effective 80% stake in Ncell from previous owners TeliaSonera UTA Holdings and Reynolds…
