CG Group ties up with Huawei
"Huawei would supply equipment worth about $100 million for the launch of 4G services, which could later be upgraded to 5G."
Chaudhary Group (CG) has made an arrangement with China's Huawei Technologies worth about $100 million to bring 4G network services to the nation, CG's CEO stated. CG planned an initial $250 million investment in the new 4G network, Chairman Binod Chaudhary said in an interview.
Chaudhary Group has also made a deal with LifeCell, a subsidiary of Turkey’s Turkcell, for technical and design services for which Huawei will be supplying the infrastructure.
Huawei would supply equipment worth about $100 million for the launch of 4G services, which could later be upgraded to 5G, said Chaudhary. He also added “Huawei has been working with the state-owned telecom company, and now they will be working with us,”
CG is already running limited telecommunications services in rural areas and plans to extend the reach. Min Prasad Aryal, a spokesman for Nepal’s telecom regulator, said CG group has applied for a license for a much wider network including cities. He also said “If they meet the standard specified by us we have no objection,”
- Tags :