Ncell announces sale transaction «

Ncell announces sale transaction

Kathmandu- Ncell is pleased to announce that a transaction has been agreed between Spectrlite UK Ltd and Axiata UK Ltd whereby Spectrlite will be acquiring 100% of Axiata’s stake in Reynolds Holdings based in Saint Kitts and Nevis, which in its turn holds 80% of the shares in Ncell.

Spectrlite is committed to driving Ncell forward, expanding the range of services, enhancing quality, and introducing digital
innovations. Commentaries The owner of Spectrlite UK, Mr Satish Lal Acharya, is of Nepali origin and currently based in Singapore said, “Spectrlite is pleased to announce an agreement for the acquisition of a controlling shareholding in Ncell.  I will be drawing upon my extensive experience in the telecommunications industry and shall be working with the management of Ncell to drive innovations, investments, and a wide range of life-enhancing services to the Nepalese people.”

Jabbor Kayumov – Chief Executive Officer & Managing Director of Ncell said, “Ncell is pleased with the upcoming change in ownership and eagerly anticipates collaborating with new shareholders to elevate Ncell into a world-class Nepali-driven data and communications hub. In the foreseeable future, Ncell will unveil its refined plans that underscore the substantial prospects for expanding Ncell’s service offerings. This evolution aims to maintain Ncell’s position as the leading national digital services and internet access platform.”