Axiata completes Ncell acquisition

Tuesday 12 April 2016 | 09:58 CET | News
Axiata Group has completed the acquisition of Nepalese mobile operator Ncell. Axiata says it has received the approvals from all relevant government authorities involved in the acquisition exercise, both in Malaysia and Nepal. Axiata enters the Nepal market with its local partner Sunivera holding 20 percent direct local shareholding in Ncell, as required under local law. Local partner transaction completion was a condition precedent to Axiata's acquisition of Ncell.

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Categories: Mobile & Wireless
Companies: Axiata / Ncell / Telia
Countries: Nepal
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