MTNL hires SBI to advise on UTL mobile market entry

Friday 18 July 2014 | 13:36 CET | News
Indian state-run operator MTNL has hired SBI Capital Markets to conduct a valuation of its loss-making Nepalese joint venture, United Telecom (UTL), the Business Standard reports. MTNL wants to evaluate the feasibility of investments in UTL and to decide whether it would be viable for it to enter the mobile market, currently served by TeliaSonera unit NCell (57% market share) and state-run Nepal Dorsanchar (NDCL) (43%). The Nepalese operator is 26.68 percent owned by MTNL, 26.66 percent each by TCIL and Tata Telecommunications, and 20 percent by NVPL.

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Categories: Fixed / Mobile & Wireless
Companies: MTNL / United Telecom / UTL
Countries: Nepal
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