08 October 2024

Ncell has denied rumours that it has struck a deal to take over fixed-broadband ISP Classic Tech, although it confirmed that it is seeking some sort of deal with an ISP.

Several local media outlets have reported that Ncell had secured an initial deal to acquire shares in Classic Tech that would pave the way for a complete takeover of the ISP. The reports, citing anonymous sources, noted that the alleged deal had yet to be finalised. However, Ncell stated that such reports were “premature and speculative,” and that it has not struck any such deal with any ISP.

However, the company is looking for some sort of tie-up with an ISP to expand its service portfolio.

“While Ncell is actively exploring opportunities in the ISP market, we remain committed to conducting thorough discussions and assessments,” said Ncell’s statement. “Our goal is to ensure that any potential decisions align with both the strategic objectives of Nepal and the broader telecommunications industry.”
The Nepal Telecommunications Authority reports that there are 2.8 million fixed-broadband subscribers in Nepal, with a market penetration of around 42%.

However, the fixed-broadband segment itself accounts for just 8.2% of Nepal’s overall broadband internet space.