Ncell’s tale unraveled: Axiata’s sale or sham?

KATHMANDU: The enigma surrounding the Ncell case has captured the public’s curiosity, delving into the intricate details of the apparent shift in ownership. Before we explore the depths of Ncell’s tumultuous journey, let’s scrutinize the crucial 6-page ‘share purchase agreement’ inked between Malaysian conglomerate Axiata and Singaporean citizen Satishlal Acharya on December 1. Axiata previously […]

सम्बन्धित सामग्री

Uncertainty surrounds Ncell’s future

KATHMANDU: Telecommunication company Ncell appears to be in a state of limbo, seemingly without a clear owner. It has been a year since the Malaysian company Axiata Group, which held an 80 percent stake in Ncell, announced the sale of its shares to Satish Lal Acharya’s company, SpectraLite UK Limited. Following the announcement in November […]

NTA chairman Purushottam Khanal resigns

His resignation came following controversies over the procurement of Mobile Device Management System, Teramocs, and Ncell’s share sale including tax disputes with internet service providers.

Hearing on Ncell share sale case postponed

KATHMANDU, Dec 17: The legal representatives of House of Representative member Amresh Kumar Singh, who has been awaiting for a hearing on the case against Ncell’s share sale at the Supreme Court for a week, have themselves postponed the hearing.

Hearing on Ncell share sale case postponed

KATHMANDU, Dec 17: The legal representatives of House of Representative member Amresh Kumar Singh, who has been awaiting for a hearing on the case against Ncell’s share sale at the Supreme Court for a week, have themselves postponed the hearing.

PM’s secretariat asks non-spreading of propaganda

KATHMANDU: The Personal Secretariat of Prime Minister Pushpa Kamal Dahal ‘Prachanda’ has requested all concerned not to spread propaganda relating to Ncell’s share sale without factual evidence. The Secretariat has also objected to the misleading information about the implication of the Secretariat and the Prime Minister in the Ncell case. The Prime Minister’s Press Advisor […]

PM Dahal under scrutiny as Ncell’s tax evasion scandal unravels

KATHMANDU: Telia Sonera, the primary investor in Ncell, found itself embroiled in a contentious dispute over the non-payment of capital gains tax during the sale of shares to Axiata. Prime Minister (PM) Pushpa Kamal Dahal Prachanda was in office in 2073 BS when the issue escalated from the streets to the Parliament. Axiata acquired shares […]

PAC seeks clarification on Ncell’s share sale

KATHMANDU: The Public Accounts Committee (PAC) of the House of Representatives has expressed keen interest in the recent sale of shares of Ncell, a private telecommunications service provider. In a development, the Committee dispatched letters to entities including the Internal Revenue Department, Company Registrar’s Office, and Nepal Telecommunication Authority, formally requesting official information pertaining to […]

Nepali leaders are also involved in Ncell’s share sale : Dr. Amresh Kumar Singh

KATHMANDU: Independent lawmaker at the House of Representatives Dr. Amresh Kumar Singh made startling claims regarding the sale of Ncell’s shares, alleging the involvement of Nepali political figures to prevent the telecom giant from falling under government ownership. During a press conference in Kathmandu on Sunday, lawmaker Singh asserted that the dealings involving Ncell, slated […]