Heavy taxes hit telecom operators as revenues plummet

KATHMANDU, Nov 7: Revenue of Nepal’s telecom service providers has dropped by nearly 28 percent over the past seven years. According to the Nepal Telecommunications Authority (NTA), the two major telecom operators generated Rs 98.71 billion in revenue in FY 2017/18, which fell to Rs 71.21 billion in the last fiscal year — marking a continuous decline.