UTL licence lapses, company seeks more time to clear Rs31 billion dues
Summary
United Telecom Limited’s telecom licence has automatically lapsed after the company failed to pay its renewal fee and other dues, though the Nepal Telecommunications Authority has not yet issued a formal notice. The company says it wants more time to clear about Rs31 billion and is seeking approval for foreign investment and instalment payments.
Key Points
- United Telecom Limited’s licence expired on September 4 after it failed to pay the renewal fee and outstanding dues.
- The Nepal Telecommunications Authority says the matter is still under process and a public notice will be issued after a formal decision.
- UTL’s total dues, including renewal fees, penalties, royalty and other charges, are around Rs31 billion.
- The company is seeking instalment payments, foreign investment approval and facilitation to transition toward 5G services.
