The government has extended the deadline for Smart Telecom, the private mobile network service provider of the country, to clear arrears. The Company has been given six months as per the Cabinet decision on July 14 to clear its arrears worth over Rs 6 billion.

The deadline for the Company to clear its arrears was July 15, 2021. A letter in this regard has reached the Nepal Telecom Authority (NTA), said Santosh Paudel, NTA Spokesperson.

Following the extension of the deadline, the Company has to submit its progress report to the NTA each month, he said.

NTA has to carry out the analysis of the financial status of Smart Telecom on the basis of the details submitted by the Company within the coming mid-November and submit it to the Ministry.

The Authority had written to the Land Survey and the Land Revenue office last April after Telecom failed to pay the arrears. The company has not paid the amount in various topics to the government for four years. 

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Nokia announced that CG NET will deploy its Gigabit Passive Optical Networking (GPON) solution as part of an extensive Fiber-to-the-Home (FTTH) roll-out across the Kathmandu Valley.

• Nokia is the sole supplier providing high-speed broadband services to consumers and enterprises.

• The roll-out will initially cover 5000 kms with fiber network in the dense urban area of Kathmandu Valley.

Nokia’s solution will allow CG NET to cost-effectively scale its network in line with the growing demand for a high-speed broadband network due to increased consumption of video, OTT content, and online education.

Nokia’s solution will enable CG NET to offer the fastest broadband speeds in the market and competitive service offering for IPTV, gaming, remote work and remote education.

In addition, it will allow for efficient future upgrade to next-generation technologies and Software-Defined Access networks, leveraging the same access platform.

The project includes Nokia consumer fiber modems to ensure premium digital experiences within the user premises.

Nokia is a global market leader in fiber broadband with more than 300 GPON deployments worldwide.

Nirvana Chaudhary, Managing Director, CG NET, said: “There is a growing demand for high-speed, quality broadband as people are using the internet for every aspect of their lives. Nepal’s broadband market is increasingly competitive. CG NET has all the potential and ambition to become a digitally innovative, responsible telecom group. We are confident that Nokia’s solution will enable us to be fast to market with reliable, high-speed services, and position us for future growth.”

Vinish Bawa, Head of Emerging Business at Nokia India, said: “Fiber broadband is being deployed in almost every country. With more than 1,000 broadband projects worldwide, Nokia has the experience and expertise to support operators in diverse markets in addressing their unique challenges. We are excited to work with CG NET to build a high capacity network that will enable them to address new opportunities and deliver exciting experiences to the subscribers.”

Source: Nokia India

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CG Net launched its fiber internet on June 1 for a remarkably low-cost Rs. 999 monthly for 120Mbps which made it an instant hit among the consumers. Providing the highest bandwidth speed at a low cost has helped it achieve loud plaudits all over Nepal. Now, many in other parts of the country are eagerly waiting for CG Net to take off.

CG Net inaugurated its FTTH service in Jawalakhel, Jhamsikhel, Ekantakuna, etc. Now, residents of six locations of Kathmandu can install CG Net.

The company has expanded the service to Kalanki, Teku, Kuleshwor, Balkhu, Kalimati, and Tripureshwor.

CG NET will deploy its Gigabit Passive Optical Networking (GPON) solution as part of an extensive Fiber-to-the-Home (FTTH) roll-out across the Kathmandu Valley. CG NET offers the fastest broadband speeds in the market and a competitive service offering for IPTV, gaming, remote work, and remote education.

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