Kathmandu: Ncell, a leading private telecommunications provider in Nepal, has successfully renewed its service operation license for the next five years, following approval from the Council of Ministers on August 29.
The company paid the first installment of NPR 5 billion towards the license renewal fee, with the remaining balance to be settled in three installments with 10 percent interest. Santosh Paudel, spokesperson for the Nepal Telecommunication Authority, confirmed the renewal and payment arrangement, noting that Ncell had requested the option to pay in installments under the Telecommunication Act of 2053.
This installment request had previously delayed the renewal process, but the Council of Ministers agreed to the proposal, allowing Ncell to proceed with the payment plan. On Sunday, Ncell finalized the renewal by paying the first installment.
Earlier, on May 27, Ncell paid NPR 4 billion to the Nepal Telecommunication Authority and sought an installment facility for the remaining amount. However, due to legal challenges, a decision was delayed.
With the license now renewed, Ncell is set to continue its operations for the next five years. According to law and regulations, the license will automatically transfer to government ownership after this period.
