Shares of Nepal Telecom will be issued to the general public

66 percent of the shares of Nepal Telecommunication Company Limited (Nepal Telecom) will be under the control of the federal government and the remaining shares will be sold to the general public by the end of next month. Finance Minister Dr. Swarnim Wagle made this important announcement while presenting the budget for the financial year 2083/84. It is believed that this step will support the country's ambitious plan to develop Nepal as a major center of information and communication technology as a 'tech hub'. Finance Minister Wagle clarified that the huge amount received from the share sale will be invested in this special project.

This initiative is expected not only to strengthen the capital base of Nepal Telecom, but also to strengthen the role of technology in the economic development of the country. Public participation is also likely to increase the transparency and professionalism of the company. In addition, it is expected to bring a new wave in the stock market and make the investment environment more dynamic.