KATHMANDU, Jan 24: The High Court, Patan, has given continuity to the short-term interim order that it had previously issued in the case related to tax evasion in the transaction of shares of Ncell, a private sector telecommunication company of Nepal.
KATHMANDU, Dec 7: Various concerns have arisen surrounding the transparency of Ncell's share purchase and sale transactions, a private telecommunications company with foreign investment in Nepal. Ncell has asserted that the enterprise value of the 80 percent of shares sold by Axiata to Spectralite UK amounts to approximately 400 million US dollars or Rs 53.20 billion.