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This is how the 25-year provision was omitted to meet vested interest of Ncell

KATHMANDU, April 1: The draft bill to amend the Telecommunications Act has removed the provision that Ncell will be owned by the Government of Nepal in 2029. The provision in sub-section 1 of section 25 of the Act has been deleted in the draft bill. Section 25 of the existing Act mentions the period and renewal of the permit. In sub-section 1 of the same section, the period of the permit is said to be 25 years at most. ....

Baikuntha Aryal , Satish Lal Acharya , Rekha Sharma , Satish Lal , Hari Basyal , Krishna Raut , Ncell Sunivera , Bhavana Shrestha , Telecommunication Authority , Legislation Committee , Ministry Of Law , Ministry Of Communication , Office On , Council Of Ministers , Sunivera Capital Ventures Pvt Ltd , Telecommunications Act , Communication Rekha , Prime Minister , Lal Acharya , Secretary Aryal , Minister Rekha Sharma , Ovt Losing Ncells Ownership , Nline News Nepal , Epal News , Epal News Online , Epal News Today ,

Nepali investors make millions from opaque share deals

Sandeep Sen
Published: 10:30 am Jan 10, 2021
New brand logo of Ncell - an Axiata company.
KATHMANDU, JANUARY 9
A handful of Nepali investors have made fortunes buying and selling Ncell shares using funds which appear to have flowed covertly to them via tax havens from the Malaysian telecom giant, Axiata, and Sweden’s Telia.
Some transactions by Nepali investors appear to challenge Nepal’s laws on foreign exchange controls, taxation, and foreign ownership.
An investigation by the Centre for Investigative Journalism-Nepal and Finance Uncovered, a British journalism organisation, has found that the primary Nepali beneficiaries from these deals appear to be leading businessman Upendra Mahato, his associate Niraj Govinda Shrestha, and businesswoman Bhavana Singh Shrestha, along with her company Sunivera Capital Venture. ....

United States , United Kingdom , British Virgin Islands , Latelz Acharya , Niraj Shrestha , Upendra Mahato , Dagens Nyheter , Niraj Govinda Shrestha , Shrestha Ncell , Marie Ehrling , Semanta Dahal , Sukadev Bhattarai Khatri , Satish Lal Acharya , Norton Rose Fulbright , Bhavana Singh Shrestha , Nepal Foreign Exchange Regulation , Nepal Office Of The Auditor , International Consortium Of Investigative Journalists , Centre For Investigative Journalism , Glasswool Holdings , Mpasa Holdings , Sunivera Capital Ventures Pvt Ltd , Sunivera Capital Venture Pte , Investigative Journalism Nepal , Finance Uncovered , Sunivera Capital ,