Government to sell 34% shares in Nepal Telecom to public, funds target tech hub plan
▸ Part of: Nepal to establish 'Matribhumi Fund' for AI and fuel storage, divest Nepal Telecom shares
The government plans to divest 34 percent of its shares in Nepal Telecom, allowing public ownership while retaining a 66 percent controlling stake. Finance Minister Dr. Swarnim Wagle stated that proceeds from the share sale will be used to develop Nepal as a regional technology hub.
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