By Prithvi Man Shrestha in The Kathmandu Post, Dec 05, 2023A fresh legal battle between Nepali regulators and the owner of Ncell, the private sector telecom giant, could ensue following the Malaysian company Axiata’s decision to exit Nepal, allegedly without informing the Nepal Telecommunications Authority, officials and experts said. On December 1, Axiata announced that it had entered into an unconditional sale and purchase agreement (SPA) with Spectrlite UK Limited (“Purchaser”) for the sale of…
Posts tagged as “Ncell”
By Prithvi Man Shrestha in The Kathmandu Post, June 14, 2023CPN-UML chair and former prime minister KP Sharma Oli allegedly assured Ncell and its parent company Axiata that no capital gains tax would be applicable when Axiata was preparing to buy Ncell in 2015. Axiata Investments (UK) Limited and Ncell made such claims while submitting their position at the dispute settlement tribunal formed by the International Centre for Settlement of Investment Disputes (ICSID), an international…