Govt to reduce stake in Nepal Telecom to 66 percent
Summary
The Nepalese government plans to reduce its stake in Nepal Telecom to 66 percent by selling the remaining shares to the public, aiming to boost Nepal as a tech hub.
Key Points
- The government intends to reduce its ownership in Nepal Telecom from over 91 percent to 66 percent.
- Remaining shares of Nepal Telecom will be sold to the general public by mid-January.
- Funds raised from the share sale will be used to develop Nepal as a technology hub.
- This move aims to broaden public participation in the state-owned telecom operator.
