Telecom giant’s share sale is mired in controversy for its low valuation, charges of poor investment climate and suspected bid to own company even after licence period.
KATHMANDU, Dec 6: Analysts and political leaders have expressed concern over the Axiata’s controversial exit from Ncell stating that it might seriously affect the inflow of foreign direct investment to the country in the future.
KATHMANDU, Dec 6: Nepal Telecommunication Authority (NTA), the regulatory body overseeing telecom companies in the country, has made it clear that the recent sale and purchase of Ncell's shares is questionable and will be investigated.
KATHMANDU, Dec 5: A meeting of the Public Accounts Committee (PAC) of the House of Representatives will be convened to discuss the sale of shares of Ncell. According to the committee’s Secretary Ekram Giri, the meeting is scheduled for 2PM on Wednesday.