KATHMANDU, May 29: The government has announced plans to sell additional shares of Nepal Telecom to the general public while retaining a 66 percent stake in the state-owned telecommunications company.
Presenting the budget for the fiscal year 2026/27 on Friday, Finance Minister Dr Swarnim Wagle said the remaining shares of Nepal Telecom would be sold to the public by mid-January.
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The government currently holds a majority stake in the company and plans to maintain 66 percent ownership even after the public share sale.
According to the finance minister, the funds raised from the share divestment will be utilized to support the government’s plan to develop Nepal into a technology hub.
