Ncell Contributed $692 million to Nepal’s GDP in 2017: Axiata

According to the annual report published by Axiata, Ncell has contributed $692 million to the Gross Domestic Product (GDP) of Nepal in 2017.

By the numbers:

• According to Axiata’s report, the estimated contribution of Ncell to Nepal’s economy is $692 million, which is 2.8% of the total GDP of Nepal.
• According to the Sustainability and National Contribution Report 2017 published by Axiata, in 2017, Ncell has paid $277 million in the taxes to the government. The company has claimed that it amounted to 4.5% of the total taxes collected by the government in the same year.
• Also, the customer base of Ncell increased by 10% in 2017, making the numbers rise to 16.4 million.

On the other hand:

• The contribution of other telecom companies including that of Nepal Telecom (NT) to the national GDP is not clear.
• Nepal Telecommunications Authority has been carrying out a study to calculate the contribution of telecom sectors to Nepal’s economy.

Read the entire report in detail

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