NewzUnited Telecom Limited (UTL) has failed to renew its telecommunications licence in Nepal following the expiration of its deadline on September 4. The company missed the renewal window after failing to settle outstanding financial obligations and the required renewal fees.
Currently, the company owes Rs31 billion in dues to the government. Regulatory authorities have maintained that full payment of these outstanding liabilities is a mandatory prerequisite for the renewal of the company's operating licence.
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