Axiata concludes sale of Ncell, exits Nepal

Vivek Sood, group chief executive officer and managing director of Axiata, said: “Axiata has been in Nepal for seven years, working alongside hard-working colleagues in Ncell.

Axiata Group Berhad on Friday announced that it had entered into an unconditional sale and purchase agreement with Spectrolite UK Limited (purchaser) for the sale of Reynolds Holding Limited, which owns approximately 80 percent equity stake in Ncell Axiata Limited.