CG Says Abiding By Nepal Government Rules To Get Unified license

CG Telecom - Chaudhary Group
Share It On:

February 19, 2020, Kathmandu

CG Telecom has claimed that the grant that STM received was not a gift, and only after completing the work progress and criteria, STM received fund as grant the World Bank. STM Pvt. Ltd. received a capital grant from the World Bank to provide telecommunication services in the rural areas of the eastern region in Nepal. STM received $ 10.8 million at the time.

“The Telecommunication Authority had issued a Certificate of Prosperity 12 years ago to the STM after establishing 1400 PCOs in the specified time and area,” the company said in a statement, adding that the World Bank provides support based on specific systems. It also has certain criteria for its regulation and supervision. This is not handed to the companies as gifts. According to the terms, the amount has been released in five installments after the progress and completion of the criteria were clearly justified.

CG had purchased the STM back in 2013. This statement from CG Telecom was released after the Minister for Information, Communication and Technology, Gokul Baskota said that they would also investigate the grant that STM received from World Bank.

Under the ‘Telecommunication Sector Reform Project (2003)’, operated by the loan support from the World Bank, STM company had been selected for providing telephone services to 34 VDCs of the eastern region by installing 1400 PCOs at designated spaces.

NTA had refused to provide CG telecom with the operating license claiming that they haven’t paid the required amount to the authority and hence don’t qualify for providing mobile services.


Share It On:

Recent Posts

Texas College CTF 2025: Individual Cybersecurity Challenges in Kathmandu

Texas College CTF 2025: Individual Cybersecurity Challenges in Kathmandu

Share It On:29th January 2025, Kathmandu Are you ready to test your cybersecurity skills in a real-world Capture The Flag

National AML Day 2025: Understanding Money Laundering & Laxmi Sunrise Bank’s Role

National AML Day 2025: Understanding Money Laundering & Laxmi Sunrise

Share It On:29th January 2025, Kathmandu National AML Day 2025: A Call to Stay Vigilant Against Financial Crimes: Understanding the

Social Media Regulation Bill 2081: Up to 5 Years Jail & Rs1.5M Fine for Fake News in Nepal

Social Media Regulation Bill 2081: Up to 5 Years Jail

Share It On:29th January 2025, Kathmandu The Government of Nepal has introduced the Social Media Regulation Bill 2081, which proposes

NRB Withdraws NPR 30 Billion from Banking System Through Bolkabol Bidding

NRB Withdraws NPR 30 Billion from Banking System Through Bolkabol

Share It On:28th January 2025, Kathmandu Nepal Rastra Bank (NRB) has started pulling NPR 30 billion in liquidity from the

Samsung Nepal Valentine’s Day Discounts on Galaxy S24 Ultra, Z Fold6, and Z Flip6

Samsung Nepal Valentine’s Day Discounts on Galaxy S24 Ultra, Z

Share It On:28th January 2025, Kathmandu The world witnessed the dawn of a new era of Mobile AI with the

“Future of Banking” Summit in Kathmandu: Exploring Cloud Computing, AI, and Cybersecurity

“Future of Banking” Summit in Kathmandu: Exploring Cloud Computing, AI,

Share It On:28th January 2025, Kathmandu Nepal’s financial sector came together for a transformative event at ‘The Future of Banking: