15th Feb 2021, Kathmandu
CG Communications Pvt. Ltd. (CG Telecom) under the Chaudhary Group is preparing to obtain the necessary permission from the Government to extend mobile services across the country.
CG, which has been requesting a license for basic telephone services for a long time to extend its services across the country, is now paving the way for this.
In order to do so, the company recently demanded that the regulatory body. The Nepal Telecommunications Authority facilitates the payment of the remaining installment balance at once.
In which the company demanded details from the authority as to whether additional payments or additional interest would be charged if the remaining installment is paid at once.
Accordingly, the NEA Board meeting held on Monday agreed that no additional 2% interest would be charged. If CG Telecom paid the remaining installments at once and Magh 30 paid the remaining installments for the next year.
Sources say that the company is able to repay the fifth payment next year, as it will not incur an additional 2% interest.
However, according to sources in the Ministry of Communications and Information Technology, CG has been struggling with basic services. In such a case, the organization is planning to lift itself by paying the full sum owed to the government.
Earlier, the company has given the facility to repay Rs. 21 crores 21 lakh 21 thousand.
As a result, he had already paid the third installment under the installment facility he had earned until last year. The first installment of Rs 58.58 million was paid out.
Similarly, the company filed Rs. 85.97 million for the second installment with NTA, while the third installment was Rs. 79.12 million last year.
Similarly, in the fourth installment, the company has to pay Rs 72.278 million with a 2% commission, and in the fifth installment. The company has to pay Rs 65.43 million to NTA.
The company would pay a total of 137.71 million rupees for the fourth and fifth installments. However, according to the decision taken by NTA, a reduction of 2% of interest will fit next year to pay a total of Rs. 138.63 million.
It is estimated that the company would have asked that this facility be provided by paying the remaining fourth and fifth installments. At the same time saving more than Rs 6,847 million.
According to NTA reports, the company has already filed the installment number for Magh 28. The NTA claimed that there are no details as to whether or not the sum has been paid as the decision on the next installment has not been officially signed.
