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Four years after winning the license to operate Nepal's first private cellphone company, Spice Cell Nepal has finally settled its dispute with Nepal Telecommunication Authority to operate mobile phone services. The Indo-Nepal joint venture is now set to launch its services, but customers may not see a reduction in mobile prices just yet. The reason: NTA is charging Spice Cell Rs 210 million in a bid bond and this cost is sure to be passed down to the consumers. Sources say Spice Cell agreed to pay the bond after the Russia-based Nepali tycoon Upendra Mahato bought shares in the company with a cash infusion.



LATEST ISSUE
638
(11 JAN 2013 - 17 JAN 2013)


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