Ownership change impact

Telecom

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

December 2, 2023

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 […]