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TeliaSonera divests stake in Nepal's Ncell, begins Central Asia exit
2015-12-21 11:51:53| IT Services - Topix.net
Dec 21 Swedish telecoms operator TeliaSonera AB on Monday said it has agreed to sell its 60.4 percent stake in Nepalese operator Ncell to Malaysian mobile operator Axiata for $1.03 billion, receiving a further $48 million in compensation for dissolving a Nepalese ownership. TeliaSonera had said in September it would gradually abandon Central Asian markets, hit by years of investigations into alleged corruption linked to local partners and problems accessing cash in distant countries.
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Category:Information Technology