Axiata Group exits Nepal operations with Ncell Axiata stake sale

Axiata Group exits Nepal operations with Ncell Axiata stake sale

FILE PHOTO - A security officer guards in front of the Axiata headquarters building in Kuala Lumpur May 28, 2014. REUTERS/Samsul Said

Malaysian telecommunications and digital conglomerate Axiata Group said on Friday it is exiting the Nepal market with the sale of Reynolds Holding, which holds an 80% stake in Ncell Axiata, to Spectrlite UK.