Spice Nepal Private Ltd (SNPL), the first private GSM mobile operator under the brand name "Mero Mobile" in Nepal, is planning to invest Euro 120 million with an aim to further consolidate the foothold of the brand in 2009.
Organising a press conference in the capital on Sunday, Dilip Singh, CEO, SNPL, said that the company has earmarked the amount to improve connectivity, service quality and penetration of Mero Mobile across the country.
According to Singh, the SNPL is also planning aggressively to invest Euro 130 million in 2010 in order to enable the Mero Mobile cellular telephony to outpace its competitors."Currently, the total subscribers of the brand in the country stand at 1.7 million. And, the SNPL is devising strategies to drastically augment its customer base in this year," further informed Singh.
Lars Nyberg, CEO, TeliaSonera, leading Nordic telecom operators which owns 80 stake in the SNPL, said that their ultimate vision is to establish Mero Mobile as the number 1 mobile company in Nepal."We are here for a long haul. So, our major priority is to become the unrivalled mobile operator in Nepal," he said.
Nyberg also said that the ongoing financial turmoil will not deter his company from materializing his ambitious investment plan in SNPL http://spicenepal.com
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