Chaudhary Group and TurkCell have agreed in principle to operate 5G service in Nepal. In the closing day of the Nepal Investment Summit 2019, CG Telecom signed an agreement with Turkish operator Turkcell for the 5G mobile service. Chaudhary Group’s subsidiary in the Telecom sector is CG Telecom.
Chaudhary Group had already announced their partnership with LifeCell (owned by Turkcell) for the digital services at MWC 2019.
As per the Kantipur news, the agreement between CG and Turkcell for 5G is worth 25 billion. Chaudhary Group’s Managing Director Nirvan Chaudhary and Turkcell representative have signed on the agreement letter.
Although news keeps on coming for CG Telecom, they are yet to operate mobile service in the country. But they have recently launched a messaging application called BiP, under the CG LifeCell brand, a digital service provider.
CG Telecom entered into telecom sector by buying 80 percent stake of the satellite-based rural operator called STM. They were also awarded the unified license back in 2017 by the Cabinet. But they couldn’t operate their service due to the no consent from the regulator and absence of frequency spectrum.
As per Nirvan Chaudhary, the agreement is for technical and strategic collaboration to bring advanced telecommunication network in the country.