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    {"id":20952,"date":"2019-07-03T09:33:44","date_gmt":"2019-07-03T04:03:44","guid":{"rendered":"https:\/\/www.nepalisansar.com\/?p=20952"},"modified":"2020-09-16T10:12:33","modified_gmt":"2020-09-16T04:42:33","slug":"nepals-cg-group-ties-up-with-huawei-to-launch-4g-services","status":"publish","type":"post","link":"https:\/\/www.nepalisansar.com\/technology\/nepals-cg-group-ties-up-with-huawei-to-launch-4g-services\/","title":{"rendered":"Nepal’s CG Group ties up with Huawei to launch 4G services"},"content":{"rendered":"

    Nepal\u2019s Chaudhary Group (CG) has signed a deal worth about $100 million with China\u2019s Huawei Technologies to bring 4G phone services to the country, CG\u2019s chief executive said.<\/p>\n

    Aiming to shake up Nepal\u2019s mobile phone market as Reliance Industries Ltd\u2019s Jio has done in India, CG planned an initial $250 million investment in the new 4G network, Chairman Binod Chaudhary said in an interview.<\/p>\n

    It will include free voice services but focus on data, online payment and other services, he said.<\/p>\n

    \"Nepal\u2019s<\/p>\n

    After starting out selling noodles in India and later across Asia, his family-owned conglomerate now includes a bank, a telecommunications business- providing rural telephony – and dozens of resorts, including two in the Maldives in partnership with India\u2019s Taj Group.<\/p>\n

    Chaudhary, Nepal\u2019s only billionaire<\/a> with a net worth of $1.7 billion, according to Forbes magazine, has overseas noodle manufacturing factories in India, Serbia and Bangladesh, a hedge against the uncertainties of his landlocked country.<\/p>\n

    Huawei would supply equipment worth about $100 million for the launch of 4G services, which could later be upgraded to 5G, said Chaudhary, 64, who is also a lawmaker.<\/p>\n

    \u201cHuawei has been working with the state-owned telecom company, and now they will be working with us,\u201d he said adding Nepal would ensure that business considerations were paramount when deals were made with companies from neighboring countries.<\/p>\n

    Chaudhary said CG Group has entered into a deal with LifeCell, a subsidiary of Turkey\u2019s Turkcell, for technical and design services, with Huawei providing the infrastructure.<\/p>\n

    CG is already running a limited telecommunications services in rural areas in Nepal.<\/p>\n

    Min Prasad Aryal, a spokesman for Nepal\u2019s telecom regulator, said CG group has applied for a license for a much wider network including cities.<\/p>\n

    \u201cIf they meet the standard specified by us we have no objection,\u201d he said when asked whether CG would get permission even if it used Huawei equipment.<\/p>\n

    With a population of about 30 million, the land-locked country has near 100% mobile penetration and about 50% for data services.<\/p><\/blockquote>\n

    Nepal Telecom is the market leader with a 51 percent market share by subscribers, followed by Ncell and Smart Cell, according to industry estimates.<\/p>\n

    Also Read: Who are the top 15 richest families of Nepal?<\/a><\/strong><\/p>\n

    \u201cWe are confident to achieve one third market share in three-to-four years time as we will have an advantage to bring in the latest technology,\u201d Chaudhary said.<\/p><\/blockquote>\n

    Source:Reuters.com<\/p>\n","protected":false},"excerpt":{"rendered":"

    Nepal\u2019s Chaudhary Group (CG) has signed a deal worth about $100 million with China\u2019s Huawei Technologies…<\/span><\/p>\n

    Read more<\/a><\/div>\n

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