Axiata’s official confirmation of Reynolds Holding sale to Spectrlite UK

Telecom

Axiata Group sells Ncell to Spectrlite UK Ltd. for $50 million

In a strategic move within the telecommunications landscape, Axiata Group has successfully sold its substantial 80% shares in Ncell to Spectrlite UK Ltd., a UK-based company, for a fixed consideration of $50 million. This significant development marks Axiata’s swift exit from the Nepali market, driven primarily by the escalating business challenges faced in Nepal. Spectrlite […]

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