Huge Royalty Outstanding From UTL And Ncell

<br>

Jan. 23, 2011, 5:45 p.m. Published in Magazine Issue: Vol. :04 No.-15 Jan. 21-2011 (Magh 07,2067)
Some of the private telecom operators have run into tens of millions of liabilities with the government after failing to pay royalty as promised. According to Nepal Telecom Authority (NTA), the biggest defaulter is the United Telecom Limited (UTL). "The total outstanding royalty of UTL is to the tune to Rs 89 crore," said NTA executive chairman Bhesh Raj Kandel. Presenting his report to the Public Accounts Committee (PAC) of the parliament, Kandel said that Ncell also has dues amounting to Rs 20 crore. Both Ncell and UTL had bid to pay more than the minimum 4 percent of revenue as royalty when they obtained the license. After the UTL failed to pay its dues, the Ncell, too, began to complain. It has now filed a case at the Supreme Court (SC).

More on Economy

The Latest

Latest Magazine

VOL 13 NO 01 ,July 19 –01 Aug., 2019 (Sharwan 03, 2076) Online Register Number: DOI 584/074-75

VOL 12 No.21, June 28 –18 July, 2019 (Ashad 13, 2076) Online Register Number: DOI 584/074-75

VOL 12 No.20, Jun 07 –27 June, 2019 (Jestha 24, 2076/074-75) Online Register Number: DOI 584

VOL 12 No.19, May 17 –06 June, 2019 (Jestha 03, 2076) Online Register Number: DOI 584/074-75