
The Ncell–Smart Telecom collusion: A timeline of deals, deception and a disputed auction
KATHMANDU: Ncell began as Nepal’s first private mobile carrier and grew into the country’s largest taxpayer outside the state sector. But its ownership changed hands more than a dozen times through offshore structures, and in 2025 the same family that had run a rival operator into the ground was found to have steered that company’s […]

