Breaking News, World News and Taiwan News.

Nepal Telecom partnership bid moves ahead

Nepal Telecom (NT) has moved a step ahead in its quest to hitch up with a strategic partner, with its board approving plans to hire a consultant to write the bid documents.

The state-owned telecom giant will now invite expressions of interest (EOI) from potential consultants who will prepare the tender documents that prospective partners will have to submit. NT said that its board had approved the terms of reference (TOR) and that it would issue a notice this week.

Plagued by rigid procurement rules and political interference, NT has for the last four years been planning to bring in a partner by divesting 30 percent of its shares. The company expects the tie-up to make it better able to compete with private start-ups in a cutthroat market.

Tanka Lal Shrestha, a NT board member, said that their meeting, held on Friday, had approved the TOR to hire a consultant. “We hope that our management will issue the EOI notice within a few days,” he added.

A committee formed by the NT board had studied the TOR prepared by a technical sub-committee under the Ministry of Finance. According to NT officials, some of the basic requirements for potential consultants are experience in strategic partnership studies, possession of qualified human resources and appointment of local agent. The involvement of an international consulting firm in the due diligence audit (DDA) and bidding is expected to attract a greater number of global bidders as the study would be more reliable.

In the first phase, NT will select an international consultant whose major responsibility will be to write the bidding documents to call a global tender for a competent partner and prepare NT's DDA report. In the second phase, a tender notice will be issued and a strategic partner will be selected. Government studies have revealed that it will take NT two years to tie up with a partner.

“We will be introducing new services and restructuring the company to make ourselves an attractive partner to tie up with,” said Anoop Ranjan Bhattarai, managing director of NT. He added that they planned to extend 3G, fiber to the home and Wi-Fi services nationwide, besides promoting machine to machine (M2M) communication services.

Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive China Post promos
 Respond to this email
WSJA
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   English Courses  |   Terms of Use  |   Sitemap
  chinapost search