Kathmandu, Jan 22
Telecom companies in Nepal may have to go public in the future. A taskforce formed to study cross-holdings in the telecom sector has recommended creating a legal provision requiring private telecom companies to become public companies within five years after the cross-holding guideline is issued.
As of now, only state-owned Nepal Telecom (NT) is a public limited company and the rest—seven telecom companies including two satellite phone service providers—are private limited companies. Cross-holding is a situation when a company or person has investments in more than one licensee company in the same service area.
As of now, only state-owned Nepal Telecom (NT) is a public limited company and the rest—seven telecom companies including two satellite phone service providers—are private limited companies. Cross-holding is a situation when a company or person has investments in more than one licensee company in the same service area.
