Huawei has secured a $100 million agreement from Nepali multinational Chaudhary Group (CG) to provide equipment for a 4G networking expansion that could be upgraded to 5G in the future.
A Turkish telecom corporation will provide technical and design solutions. Nepal first launched a 4G service in 2017 but only large metropolis like Kathmandu and Pokhara offer the service. Nepal had more than 16 million mobile internet users in October 2017, based on the Nepal Telecommunications Authority.
The deal marks an additional break for Huawei after US President Donald Trump and Chinese counterpart Xi Jinping agreed at last weekend’s G20 summit in Japan to go back to the negotiating table to discuss trade frictions. For Nepal, the deal marks the entry of a new player into the communications sector.
State-owned Nepali Telecom that will make up 51% of the market, rolled out plans in March to improve 4G coverage and bring in 5G. However, industry newcomer CG is confident of securing one-third of market share by bringing in the modern day technology.share on