Financial Daily from THE HINDU group of publications
Monday, Apr 25, 2005
Financial Daily from THE HINDU group of publications Monday, Apr 25, 2005 |
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Info-Tech
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Telecommunications Government - Policy United Telecom resumes in Nepal Thomas K Thomas
New Delhi , April 24 UNITED Telecom Ltd, the joint venture company of Mahanagar Telephone Nigam Ltd (MTNL), Videsh Sanchar Nigam Ltd (VSNL), Telecommuncations Consultants India Ltd (TCIL) and Nepal Venture Private Ltd offering telecom services in Nepal, has been permitted to resume services. The company has restored connectivity to its 25,000 mobile subscribers in the kingdom, which was shut down by the King Gyanendra administration after he dismissed the democratically-elected Government. The move assumes significance in the light of the meeting between the Prime Minister, Dr Manmohan Singh, and King Gyanendra on the sidelines of the Asian-African Summit in Jakarta. However, a significant part of the company's operations had already been restored over the last few months. International long distance calls from the kingdom, for instance, had been restored in February. Senior UTL executives had said the shutdown was causing revenue loss to the company. While VSNL and TCIL hold 26.6 per cent each in United Telecom, MTNL has 26.8 per cent stake. The Nepalase company has 20 per cent stake. The firm is administered by India's Department of Telecommunications and has a 10-year extendable licence to provide basic service using wireless technology.
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