Binod Chaudhary, Nepal’s richest man and the owner of CG, a revolutionary brand born in Nepal and rapidly expanding, is poised to break into yet another region.
When the company decided to introduce a significantly lower rate for voice calls, they caused quite a stir. The project, however, was delayed. Instead of backing down, CG Telecom has announced a new project. They’ve launched a new division of CG Telecom with the aim of providing its own internet service to the public. Find out more about this CG Telecom Fiber Internet in the sections below.
CG Telecom / CG Fiber Internet
On March 16, 2021, CG was granted a Network Service Provider license. The company has also begun constructing the requisite infrastructure for providing Internet access. The company’s Satungal data center is nearing completion. This structure would help them achieve their goal of providing 5G services.
After 5 months, the infrastructure will be ready to be installed in various locations around Kathmandu.
CG Telecom had previously promised very cheap and spectacular deals that would usher in a major revolution in Nepal’s telecommunications industry. Jio’s effect on the Indian telecom sector will be close. However, since the license is currently being processed,
The CG Telecom, on the other hand, is here to make an impact on the internet industry. The company’s main goal is to provide high-quality Fiber To The Home (FTTH) services at a low cost.
The Internet Market in Nepal
Major companies such as Subisu, WorldLink, and Vianet currently dominate Nepal’s ISP industry. The cost of the internet is huge, given its critical importance in today’s society.
There are a number of reasons why internet in Nepal is expensive, which we discussed in depth in a previous article.
The main explanation is the taxes that are applied to the WiFi amount. Telecommunication Service Charge of 13%, VAT of 13%, and Royalty Fee of 4% are all added by the government!
Let’s take a look at some of the latest internet rates in Nepal, as reported by service providers.
For 100Mbps, Vianet charges Rs 21600 per year. This translates to a monthly expense of Rs 1800. This does not include any other one-time charges. In addition, the price is subject to a VAT of 13%.
WorldLink charges Rs 22000 a year for 80 Mbps, excluding other one-time fees. Here, too, the price does not include the 13% VAT.
Subisu, on the other hand, charges Rs 1550 per month for 45 Mbps, except VAT.
Finally, NTC offers a 12-month 20 Mbps subscription for Rs 12,500.
Looking at the situation, other ISPs’ internet prices are in a similar range. If CG were to join the Nepalese ISP industry, however, some changes would undoubtedly occur.
What if the CG Telecom offers 100 Mbps for under Rs 1000?
Isn’t this something you’d be interested in learning more about?
There is a strong chance that CG would carry low-cost calls and data backs in cell phones, as they had planned. This has the potential to change everything!
It only requires the emergence of one low-cost option to sway the entire industry. While they have not published an official price range on the internet, it would undoubtedly be less expensive than existing market rates.
It will be fascinating to see how CG Telecom fiber internet launch affects the internet business. And how current Internet service providers will react.