The first AGM of Nepal Telecom Company Ltd on Sunday decided to distribute cash dividends from its profit of the fiscal year 2007-08. The company has met the target quorum of 92.29 per cent in total shares, said a press statement.
Speaking during the programme, Sushil Ghimire, secretary at the Ministry of Information and Communication (MoIC), said, “The company has registered a net profit of Rs 7.94 billion during the fiscal year 2007-08 while it has targeted to achieve a total profit of Rs 10.13 billion in the present fiscal year.” Ghimire also assured of extending the mobile service to five million more customers and CDMA service to around 15 lakh customers. The company has also assured of providing more value-added services and developing Voice and Data PTV services through NGN technology in Fixed Network.
Meanwhile, the telephone service provider companies, NT, Spice Nepal and United Telecom Ltd, will reduce interconnection charge rates from April 14. Along with the new interconnection charge from April 14, the interconnection charges of NTC users will be reduced to minimum Rs 1 for local calls and to Rs 3.80 per minute for STD calls. Earlier the STD interconnection charge taken by NTC was Rs 5 per minute.
Mero Mobile, the telecom service provider under TeliaSonera Group and product franchise of Spice Nepal Pvt Ltd, will cut call costs from Mero Mobile to all other networks from April 14. Interconnection costs will be toned down. A minimum of Rs 2.13 (to NTC prepaid local), Rs 1.89 (to NTC postpaid local) and a maximum of Rs 2.83 (to UTL LMS prepaid in different charging areas) have been applied.
Call costs from Mero Mobile to NTC (prepaid, postpaid, CDMA and PSTN landlines) and Mero Mobile to UTL (LMS and CDMA fixed) have been cut by an average ranging between more than 25 per cent and 40 percent. Costs have been cut for SMS services as well.
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