Prime Minister Pushpa Kamal Dahal (File Photo)
KATHMANDU: Expressing serious concern over the news circulating in the media regarding the sale of shares in mobile operator Ncell, Prime Minister Pushpa Kamal Dahal has directed the authorities concerned to determine whether the deal complies with Nepal’s existing laws and legal procedures.
PM Dahal has instructed the authorities to assess the legal compliance behind the deal, according to the Prime Minister’s Press Coordinator Surya Kiran Sharma.
Sharma shared that PM Prachanda has called for an immediate study of the status of Nepal’s telecommunications sector, the impact on Foreign Direct Investment (FDI), and the government’s revenue collection resulting from the commercial deal involving Ncell.
Malaysian company Axiata has decided to sell 80% of its shares to Spectrelight Limited, a UK-based company.
Questions have been raised from various sectors about the legitimacy and transparency of the business deal, as it was agreed upon without informing the regulatory body. Similarly, the Public Accounts Committee of the Federal Parliament has written to different state agencies inquiring about the status of the reported business deal of Ncell.
