Advancing Asia as a New Generation Digital Champion


Here is a summary of the economic impact and long-term value creation pertaining to our operating company, Ncell.

Ncell Private Limited

Ncell operates the country’s widest 4G network and serves 17.1 million customers, providing high quality, modern and cost-effective services, creating value for its customers and partners.

USD308 million invested in 2019

47,074  jobs supported

2.0% of GDP

USD1 CAPEX translates to USD 5.8 GVA Contribution

4 years of investment

Led by Ncell’s total operating expenditure of USD202 million and capital investment of USD106 million, Ncell’s total Gross Value Added (GVA) contribution to Nepal’s economy was estimated at USD619 million in 2019, accounting for 2.0% of national GDP. Ncell’s operations directly contributed USD371 million GVA, accounting for 53% of total GVA. A further USD117 million was indirectly generated through the expenditures by Ncell’s suppliers, accounting for 19% of total GVA. For every USD1 Ncell directly added to the economy, it generated another USD0.4 indirectly from local suppliers, similar as the average of general industry.