State-owned telecommunications provider Nepal Telecom (NT) has reported a 15.7% decline in net profits to NPR9.98 billion (USD88 million) for the third quarter of its financial year. EBITDA fell 6.3% to NPR19.4 billion, while income from the company’s core services fell 6.4% to NPR27.5 billion, offset by a 11.4% rise in other revenue sources. Total investment during the quarter increased around 20% to NPR9.65 billion.
Meanwhile, NT has expanded its FTTH service to the town of Sauraha in Nepal’s Chitwan district, as part of an ongoing expansion of the network that will see it become available in other locations including Bachhauli within the next month. Residential customers can access download speeds of up to 55Mbps and business users 20Mbps. NT’s Managing Director, Dilliram Adhikari, said the telco is committed to playing a lead role in improving access to IT in rural areas of the country.