Axiata Group's acquisition of 80 percent stake in Ncell causes controversy in Nepal

Axiata Group's recent acquisition of an 80 percent stake in Ncell, one of the largest telecommunication service providers in Nepal, has sparked controversy. The government has raised concerns about the legality of Axiata's announcement to sell its shares and has conducted an investigation, ultimately deeming Axiata's claims about the business environment in Nepal as baseless and objectionable.