Government to divest 30% stake in Nepal Telecom

16 Jun 2014

The government of Nepal has revealed that it is pushing ahead with its plan to offload a 30% stake in state-owned fixed line and mobile operator Nepal Telecom (NT) to a strategic investor. Rumours emerged last October that Kathmandu was looking to improve NT’s service offerings through a partnership with an overseas telco, and this has now been confirmed by Minister for Information and Communications Dr Minendra Rijal, The Himalayan reports. He told a meeting of the Legislature-Parliament Development Committee: ‘We are preparing to call proposals for strategic partnership … to make Nepal Telecom services competitive.’ He added: ‘The government has given top priority to improving the quality and effectiveness of Nepal Telecom services, as communication services in the country cannot be imagined without Nepal Telecom.’

Nepal, Nepal Telecom (NT)