News Summary:
On August 7, 2026, the Nepal Telecommunications Authority (NTA) issued eight directives to telecom companies, including Axiata's subsidiary Ncell, to improve mobile service quality, ensure efficient spectrum use, comply with regulatory provisions, and protect consumer rights. Previously, on July 30, CGS International suggested Axiata Group Bhd (KL: AXIATA) could still offer upside despite a sharp decline in its share price over the past three months, as investors largely priced in concerns that its asset monetization plans might not materialize. This followed Ncell's petition to the Office of the Prime Minister and Council of Ministers on July 25, urging the government to reconsider conditions attached to its operating license renewal, claiming they are unfair, unlawful, and detrimental to its business operations, investment, and long-term services in Nepal. Earlier, on July 24, Ncell requested the same office to review decisions related to its share ownership transfer and conditions imposed during license renewal, stating that the prolonged lack of recognition of the transaction impacted the company’s operations, management, and future investment plans.
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