CC Group agrees USD100m deal with Huawei to launch 4G services

2 Jul 2019

Nepalese conglomerate Chaudhary Group (CG) has signed a USD100 million deal with Chinese vendor Huawei Technologies to launch 4G services in the country, reports Reuters. CG chairman Binod Chaudhary has told the news agency that his company plans to invest an initial USD250 million in the new 4G network, which could later be upgraded to 5G. The group, which has previously entered into a deal with Lifecell, a subsidiary of Turkey’s Turkcell, for technical and design services, has dismissed concerns that Huawei poses a potential security risk. Prasad Aryal, a spokesman for telecom sector regulator, the Nepal Telecommunications Authority (NTA), confirmed the use of the controversial Chinese company’s hardware would not impede CG Group’s application to expand its rural telecoms services: ‘If they meet the standard specified by us we have no objection.’

Nepal, CG Telecom (incl. STM Telecom Sanchar)