Ncell commits to paying renewal fee in instalments

7 Nov 2012

Privately owned mobile operator Spice Nepal Private, trading as Ncell, has informed the Ministry of Information and Communications (MoIC) and the independent regulator, the Nepal Telecommunications Authority (NTA), that it will pay off its NPR20 billion (USD232.9 million) renewal fees in instalments. The first payment of NPR2.5 billion will be made in January 2013 it said, adding that it is committed to paying off the balance due, as per the terms and conditions set down by the government by 2020. Last month the NTA wrote to Ncell and state-owned Nepal Telecom (NT) instructing them to settle their renewal fees on an instalment basis, following an earlier cabinet decision on the matter. As such, operators are allowed up to eight years to pay off any fees owed, and in return will be able to renew their licences if they keep to the agreed payment plan. Ncell’s licence must be renewed by August 2013, according to NTA officials, while NT’s concession should have been renewed two years ago.

Nepal, Ncell Axiata