Finance Committee directs NTA to submit details on sale of Ncell shares

KATHMANDU, DECEMBER 7: The Finance Committee of the parliament has directed the Nepal Telecommunications Authority (NTA) to submit factual details within 15 days regarding the issues related to the sale of Ncell shares. This decision came after the committee discussed the matter and called the NTA for a meeting yesterday.

Committee Chairperson Santosh Chalise mentioned that they have asked the NTA to provide written details with factual information about the sale and purchase of Ncell shares within two weeks.

During the meeting, NTA Chairperson Purushottam Khanal informed the committee that they had received a letter from Ncell Axiata Limited, stating that it would provide details of the sale and purchase of Ncell shares as soon as it was in the process of collecting documents.

On December 1, the NTA had written to Ncell, requesting details of the sale and purchase of its shares, and the response from the company was received on December 5. The NTA is in the process of collecting related documents and will submit them to the respective body within the existing laws of Nepal. Discussions on the purchase and sale of Ncell stake were also held in the Public Accounts Committee on the same day.