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Telecommunication

Nepal billionaire follows Ambani path into telecommunications

Chaudhary Group awards $100m 4G network contract to Huawei

Binod Chaudhary, Nepal's noodle king, is leading his CG Group conglomerate into telecommunications

KATHMANDU -- Following the path blazed by Mukesh Ambani in shaking up India's telecommunications market with his low-cost Jio mobile service, Nepal's only billionaire is plunging ahead with plans for his own discount network even against regulatory resistance.

Binod Chaudhary's CG Telecom this week reached a $100 million deal with China's Huawei Technologies to set up a fourth-generation network across Nepal, the biggest step yet in advancing his ambitions to carve out a large piece of the country's telecom market.

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