The country is witnessing foreign investment
inflow, despite political uncertainty and unpredictably.
"Ncell has invested $500 million in
Nepal," president and chief executive officer of TeliaSonera Lars Nyberg
said today.
Any investor in the world would like to see
stable and predictable environment before investing and the situation in Nepal
is unpredictable and politically uncertain but there is still a room for
investment," he said, adding that the company is willing to invest more in
the country, if the bureaucratic hurdles do not slowdown their investment plan.
"We are trying to bring in more equipment
in the country to increase capacity to meet the quality of service, which has
been delayed due to bureaucratic hurdles," he said, adding that functional
telecom service is one of the key per-requisites for foreign direct investment.
"It not only helps attract more foreign direct investment but also
supports freedom of speech and helps build open society."
Ncell wants to promote free competition in the
telecom sector in the country, Nyberg said, adding that the company being
related to the Nepal Satellite will not hurt the competitive market as the
brand 'Hello Nepal' of Nepal Satellite will be developed as a regional brand to
serve the lower end of the market.
"Competition will increase quality and
affordability," he added.
"Hello Nepal is a good component of
Teleasonera," added the chief executive officer of the fifth largest
telecom operator of Europe that has presence in around 17 countries from Norway
to Nepal.
TeliaSonera was merged with Mero Mobile in mid
March 2010 and re-branded as Ncell — that is one of the success story of the
TeliaSonera — and today it is one of the leading telecom operator in Nepal and
one of the top five tax payers in the country in the last fiscal year.
"Ncell had paid Rs 2.07
billion tax in the fiscal year 2011-12," according to the Finance Ministry
that revealed another telecom operator Nepal Telecom paying Rs 9.66 billion
including VAT and income tax in the last fiscal year.
Infrastructure sharing among telecom service
providers is very useful idea to reduce investment, he opined. “But the
regulator has not developed regulation for infrastructure sharing,"
Nyberg, said, adding that the company is waiting for infrastructure sharing
regulation that it is hopeful of coming soon to benefit all the telecom
operators.
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