Ncell seeks 5-year license renewal with staggered payment plan

KATHMANDU: Nepal’s leading private telecom services provider, Ncell, has submitted an application for a 5-year renewal of its operating license. Established in 2004, Ncell is proposing a staggered payment plan to manage its financial obligations effectively.

The renewal fee for the upcoming 5-year period is Rs 20 billion. Ncell aims to initiate this arrangement by paying Rs 4 billion in the first year. The company has formally requested the Nepal Telecommunication Authority (NTA) to allow installment payments over the renewal period.

Santosh Paudel, spokesperson for the NTA, confirmed Ncell’s request. “The Authority is considering the proposal, but the final decision will be made by the Ministry of Communication and Information Technology,” he said. If necessary, the matter may be taken to the Council of Ministers for a final decision.

This proposal reflects Ncell’s commitment to continue providing telecom services in Nepal while managing its financial commitments. The decision on Ncell’s request will be crucial in determining the company’s operational continuity and financial planning for the coming years.

Fiscal Nepal |
Wednesday May 29, 2024, 10:56:45 AM |

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