Axiata Group acquired Ncell last December 2015 from TeliaSonera and Reynolds for US$1.365 billion . The takeover drew immense criticism as Ncell did not pay CGT as required by the law which is expected to be NRs 23 billion. The deal effectively secures Axiata an 80 percent equity interest and full control over Ncell.
The Nepal Telecommunications Authority (NTA) rolled out 4G plan for Ncell in the last week of October last year. The Nepal Telecom (NT) has already started its soft launch of 4G service in Nepal after obtaining the licence from NTA.
Axiata Group is one of the largest Asian telecommunication companies, Axiata today operates in ten countries, servicing approximately 290 million subscribers. With a diverse portfolio in mobile network operations, communications infrastructure services and digital services, the Group pieces together the best in connectivity, technology and people in its vision of Advancing Asia.
Axiata has controlling stakes in market leading mobile operators in South East Asia and South Asia. Axiata Group of companies operate under the brand name of ‘Celcom’ in Malaysia, ‘XL’ in Indonesia, ‘Dialog’ in Sri Lanka, ‘Robi’ in Bangladesh, ‘Smart’ in Cambodia and 'Ncell' in Nepal. Further to this, the Group also holds strategic interests in ‘Idea’ in India and ‘M1’ in Singapore.