Starlink, the satellite internet service operated by SpaceX, has reiterated its condition that it will only begin operations in Nepal if it is granted full (100%) ownership of its local operating license. The position was communicated by Starlink Director Rebecca Hunter during a meeting held on Monday with Nepal’s Minister for Communications and Information Technology, Dr. Bikram Timilsina.
According to discussions, the primary barrier to Starlink’s entry into the Nepali market is the country’s existing telecommunications ownership framework. Current regulations limit foreign ownership in telecom service providers to 80%, requiring international companies to partner with Nepali investors holding the remaining 20% stake.
Starlink, however, has maintained that its global operating model requires complete control over its infrastructure and service delivery. The company has stated that it is unwilling to proceed under a joint-ownership structure and prefers to operate independently without local equity participation.
The Nepali government has not yet indicated whether it is willing to amend existing telecom laws or make exceptions for satellite-based internet providers. As a result, approval for Starlink’s entry remains stalled despite ongoing discussions between both sides.
Starlink Nepal Entry Status
| Category | Details |
|---|---|
| Company | SpaceX (Starlink division) |
| Service | Starlink satellite internet |
| Country | Nepal |
| Key Demand | 100% foreign ownership of local license |
| Government Policy | Foreign telecom ownership capped at 80% |
| Local Requirement | Minimum 20% Nepali ownership partner |
| Negotiation Status | Ongoing / unresolved |
| Main Issue | Regulatory mismatch on ownership structure |
| Government Counterpoint | Existing telecom law compliance required |
| Company Position | No local partnership, full control required |
| Outcome So Far | Service launch not approved yet |
Machhapuchchhre Bank Preference Shares Listed On NEPSE
Machhapuchchhre Bank Limited preference shares have officially been listed on the Nepal Stock Exchange, expanding investment options for market participants.
NMB Bank Preference Shares Listed On NEPSE
NMB Bank Limited preference shares have been listed for trading on NEPSE, offering investors a new income-focused investment opportunity.
NEPSE Lists NMB Bank Non-Redeemable Cumulative Preference Shares
NMB Bank Limited non-redeemable cumulative preference shares have received listing approval on NEPSE, further strengthening the bank’s capital structure.
Citizens Bank Promoter Share Sale Notice Published
Citizens Bank International Limited has issued a promoter share sale notice, allowing eligible investors to acquire promoter holdings under applicable regulations.
West Seti 400 kV Transmission Line Project Moves Forward
The West Seti 400 kV Transmission Line Project continues to advance, supporting Nepal’s long-term energy transmission infrastructure and hydropower development goals.
Nepal Rastra Bank Releases Tuesday Forex Rates
Nepal Rastra Bank has published updated foreign exchange rates for Tuesday, covering major global currencies traded in Nepal.
Nepal Revises EV Tax Structure
The government has adjusted the road construction fee component of the EV tax structure, providing some relief for lower-priced electric vehicles while maintaining broader fiscal reforms.
Nepal Gold & Silver Market Update
Gold and silver prices in Nepal continue to fluctuate amid changing international bullion prices and domestic demand conditions.
Fire Incident Reported At Jhapa Energy Solar Plant
Jhapa Energy Limited reported an inverter fire incident at its solar power facility. The company is assessing the impact and taking necessary safety measures.
Nerude Mirmire Laghubitta To Skip Dividend Distribution
Nerude Mirmire Laghubitta Bittiya Sanstha Limited has announced that it will not distribute dividends for Fiscal Year 2081/82 due to its financial position and regulatory considerations.
Upper Syange Hydropower Lock-In Period Ends
Upper Syange Hydropower Limited has announced the completion of its lock-in period, allowing eligible shareholders to trade previously restricted shares.
Sarvottam Paints IPO Opens For General Public
Sarvottam Paints Limited has opened its IPO for the general public from Jestha 28, offering investors an opportunity to participate in Nepal’s paint manufacturing sector.
Mandu Hydropower Announces 10% Bonus Shares
Mandu Hydropower Limited has announced a 10% bonus share distribution for its shareholders from accumulated profits.
Sudha Shrestha Appointed NRB Assistant Spokesperson
Sudha Shrestha has been appointed Assistant Spokesperson of Nepal Rastra Bank, strengthening the central bank’s communication leadership team.
NEPSE Falls 26 Points Following Budget Reactions
Nepal Stock Exchange declined by 26 points as investors reacted to recent budget measures, taxation changes, and broader market sentiment.
EV Prices Expected To Rise After New Tax Hike
Electric vehicle prices are expected to increase after new tax measures introduced through the FY 2083/84 budget.
PM's Border Remark Sparks Political Controversy
Recent remarks regarding the Nepal–India border have generated political debate and reactions from various stakeholders.
NRB Publishes Monday Foreign Exchange Rates
Nepal Rastra Bank has released official foreign exchange rates for Monday, providing updated currency values.
Sanigad Hydro IPO Opens For General Public
Sanigad Hydro Limited has opened its IPO to retail investors, continuing the strong momentum in Nepal’s primary market.
Wealth Orbit Center – Global Market Tools & Resources
Global Stock Market Coverage
- Largest Companies in USA – Live Prices & Charts
- Largest Companies in China – Market Cap Rankings
- Largest Companies in Australia – Live Prices & Charts
- Largest Companies in Canada – Live Prices & Charts
- Largest Companies in Brazil – Live Prices & Charts
- Largest Companies in Vietnam – Market Cap Rankings
Live Market Screeners
📈 Live Cryptocurrency Market Screener
💱 Live Forex Currency Screener
🌍 Wealth Orbit Center Homepage
Stay updated with the latest Nepal stock market news, IPO updates, banking developments, hydropower sector news, economic reforms, and global financial market trends.