Public Accounts Committee to Delve into Ncell Share Transactions and Operational Implications

The House of Representatives’ Public Accounts Committee (PAC) is set to convene a crucial session on Wednesday at 2 pm to unravel the intricacies surrounding the recent Ncell share transactions. Savitra Sharma, a key official at the Committee, confirmed that the meeting’s primary focus is to initiate in-depth discussions on the buying and selling of shares within the Telecommunication Service Provider Organization, Ncell.

The meeting, scheduled to take place in the committee’s Singha Durbar meeting room, aims to delve into the operational aspects of Ncell and address pertinent issues related to the recent developments in the company.

The spotlight on Ncell intensified last Friday when Malaysian company Axiata made a significant announcement. Axiata declared the sale of 80 percent of its Ncell shares to UK’s Spectralite Limited for a substantial sum of 50 million US dollars (approximately 6.66 billion rupees).

The PAC’s investigation comes against the backdrop of this major ownership shift within Ncell, a key player in the telecommunications sector. The committee is expected to scrutinize the implications of this transaction on the company’s operations, market dynamics, and broader economic considerations.