NST owner to invest NPR6bn in telecoms expansion plan

24 Dec 2013

Nepal Satellite Telecom (NST) owner the Muktishree Group has announced plans to invest a further NPR6 billion (USD61.4 million) in the country, as part of a wider five-year NPR23.5 billion investment that the conglomerate is taking in developing its various hydropower, hotels, retail and cement factory operations there. The Group’s chairman Ajay Raj Sumargi says that the company had received loans totalling NPR18 billion from Europe-based Zhodar Investment and Airbell Investment to implement its various schemes, and in respect of NST – which provides telecoms services in the mid-western part of the country under the brand Hello Nepal – the parent is hoping to take Hello nationwide by February 2014, and is currently extending its reach in the Far Western and Western regions. The chairman says: ‘Telecommunication is a costly business. We have already made an investment of NPR3 billion, and we sank another NPR4 billion into our expansion plan in the Far Western and Western regions.’

Nepal, Nepal Satellite Telecom (NST),


Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate


Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues


Filter CommsUpdate by the following categories or use the search.


Visit our help page information on performing advanced searches, including how to restrict the results by country or company.


CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.