Tag Archives: axiata

Pledges to invest Rs 70bn in 2 years After four months of acquisition of Ncell by Axiata from Teliasonera, Axiata has unveiled new brand logo of Ncell. Axiata is the sole investor in Reynolds Holdings, which holds 80% shares of Ncell. It had acquired shares for Rs 109.86 billion in the last April. ‘The rebranding of Ncell marks the beginning …

One of Asia's largest telecommunication group, Malaysian company Axiata will buy Nepal's top mobile operator Ncell for $1.03 billion on a cash and debt free basis as per the agreement reached between the two sides on Monday.