Inside the Ncell deal: 5 important facts and 8 puzzling questions
english.onlinekhabar.com · Wed Dec 06 03:26:00 GMT 2023
On April 12, 2016, the Malaysia-based telecom giant Axiata entered Nepal by acquiring Reynolds Holding which had 80 per cent shares in Ncell . The acquisition cost Axiata a total of USD 1.36 billion.
At that time, Axiata spent USD 1,706 or Rs 181,000, based on the exchange rate, to acquire one share of Ncell, which had a paid-up capital of Rs 100 million.