China Mobile, a prominent player in China’s telecommunications industry, will invest USD 1 billion in Nepal’s telecommunications sector. The data comes from United Nation’s World Investment Report for 2021. China Mobile will use the funds to establish a mobile data network in Nepal.
China Mobile data network in Nepal:
United Nations Conference on Trade and Development (UNCTAD) recently issued the World Investment Report for 2021, which mentions China Mobile’s plans to establish a mobile data network in Nepal.
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The report lists the project in the ICT sector and highlights that it has already begun. However, no conversations have taken place with the relevant authority of the Nepal Government.
In discussion with TechPana, Director General of the Department of Industry, Jiv Lal Bhushal speculated that the plans and proposal might be in the work. He says “In terms of the size of the investment, it should first go through the investment board”.
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Similarly, Sushil Bhatta, Chief Executive Officer of the Investment Board, states that he is not aware of any such plans at this time. He believes that the project is in its early stages and will soon arrive at the authority’s door.
An undisclosed project
China Mobile, on the other hand, has not revealed any information about it either. However, in its 2017 Sustainability Report, “Connecting the New Era”, it was said that the firm will push the infrastructure project to connect the world. This comprises the installation of a cross-border optical fiber line linking Nepal, Myanmar, Pakistan, and Kyrgyzstan.
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