A new tell of TeliaSonera in Nepal market

KATHMANDU, APRIL 5: Teliasonera--fifth largest telecom company of Europe--has now direct or indirect investment in two telecom companies—Ncell and Nepal Satellite in Nepal. It has acquired indirectly 51 percent of the shares in Cyprus based Airbell Services that owns 50 percent stake in Nepal Satellite.

Despite being a small rural operator, Nepal Satellite is considered as a spectrum rich operator in local telecom market. “The shares in Nepal Satellite Telecom were held through intermediate not wholly-owned holding companies,” said the Annual Report 2011of the Teliasonera. It said that it acquired “indirectly 51 percent of the shares in the Cypriot holding company Airbell Services Ltd., which owns 50 percent of the shares in the Nepalese mobile operator Nepal Satellite Telecom.”