KATHMANDU, AUG 28, 2012
TeliaSonera, the parent company of Ncell, has said its investment in Nepal Satellite Telecom (NST) is aimed at delivering better telecom services at lower costs.
Addressing a press conference here on Monday, TeliaSonera President and CEO Lars Nyberg said NST would focus on rural areas. Nyberg, along with other top TeliaSonera officials, were in Nepal to give a boost to its telecom business, including the new NST venture. TeliaSo-nera recently indirectly acquired NST through its subsidiary TeliaSonera Asia Holding BV. TeliaSonera Asia bought 49 percent stake in Airbell Services which owned 75 percent stake in NST.
During their one-day stay in Nepal, Nyberg and his team met top political leaders. According to Nyberg, TeliaSonera will explore legal and technical possibilities on sharing infrastructure of both the operators—Ncell and NST—for service expansion.
With NST’s acquisition, TeliaSonera now has two brands in Nepal. According to Nyberg, it is very typical for TeliaSonera to have more than one brand in a market. “I think this is a sign of market maturing,” said Nyberg. Norway, Sweden and Estonia are the other countries where the company has more than one brand.
On concerns that TeliaSonera’s investment NST may create monopoly, TeliaSonera Eurasia President Tero Kivisaari, said: “We are not creating a monopoly.”
“We understand and have full respect we will have competition in the telecom market. We believe competition is the best way to ensure good quality and have affordable prices for the population,” Kivisaari added. “Our ambition is not to have 100 percent market share in Nepal.”
According to TeliaSonera, NST will be a complementary asset for Ncell. Kivisaari added it is a must for NST to offer good quality at competitive price and maintain a good image among customers.
TeliaSonera, however, did not unveil any big plan for NST’s expansion. It said it will first concentrate on reaching areas outlined by the government in the operating licence of NST.
NST last month signed a contract with China’s ZTE Corporation for network expansion and is also planning to relaunch its Hello Nepal brand.
Source: The Kathmandu Post
TeliaSonera, the parent company of Ncell, has said its investment in Nepal Satellite Telecom (NST) is aimed at delivering better telecom services at lower costs.
Addressing a press conference here on Monday, TeliaSonera President and CEO Lars Nyberg said NST would focus on rural areas. Nyberg, along with other top TeliaSonera officials, were in Nepal to give a boost to its telecom business, including the new NST venture. TeliaSo-nera recently indirectly acquired NST through its subsidiary TeliaSonera Asia Holding BV. TeliaSonera Asia bought 49 percent stake in Airbell Services which owned 75 percent stake in NST.
During their one-day stay in Nepal, Nyberg and his team met top political leaders. According to Nyberg, TeliaSonera will explore legal and technical possibilities on sharing infrastructure of both the operators—Ncell and NST—for service expansion.
With NST’s acquisition, TeliaSonera now has two brands in Nepal. According to Nyberg, it is very typical for TeliaSonera to have more than one brand in a market. “I think this is a sign of market maturing,” said Nyberg. Norway, Sweden and Estonia are the other countries where the company has more than one brand.
On concerns that TeliaSonera’s investment NST may create monopoly, TeliaSonera Eurasia President Tero Kivisaari, said: “We are not creating a monopoly.”
“We understand and have full respect we will have competition in the telecom market. We believe competition is the best way to ensure good quality and have affordable prices for the population,” Kivisaari added. “Our ambition is not to have 100 percent market share in Nepal.”
According to TeliaSonera, NST will be a complementary asset for Ncell. Kivisaari added it is a must for NST to offer good quality at competitive price and maintain a good image among customers.
TeliaSonera, however, did not unveil any big plan for NST’s expansion. It said it will first concentrate on reaching areas outlined by the government in the operating licence of NST.
NST last month signed a contract with China’s ZTE Corporation for network expansion and is also planning to relaunch its Hello Nepal brand.
Source: The Kathmandu Post
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