Nepalese telco Ncell revealed on Friday it has signed a Memorandum of Understanding (MoU) with Saudi Arabian telco e& international to collaborate on delivering key digital services, products, and platforms in Nepal.
Given its recent troubles, the Moody’s Ratings downgrade of operator Telefonica del Peru’s Corporate Family Rating (CFR) and senior unsecured rating to Caa1 from B2 is not great news.
Chilean operator WOM filed for bankruptcy after it failed to refinance its US$348 million debt pile in November, due to challenging macroeconomic conditions.