Government to dilute stake in Nepal Telecom, public shares to be issued by mid-January

Kathmandu: Finance Minister Dr Swarnim Waglé, while presenting the federal budget for the fiscal year 2083/84 on Friday, announced that the government intends to issue shares of Nepal Telecom to the general public by the end of the current calendar year (mid-April).

Under this new proposal, the state’s majority investment in the telecommunications giant will be reduced from the existing 91 percent to 66 percent. The government aims to divest the remaining portion of its equity to the public, marking a significant step toward increasing private participation in the state-owned enterprise and mobilizing capital from domestic investors.