December 11: Ncell’s Employees Trade Union has said that its attention has been drawn to the "baseless" publicity stunt in media and social networks regarding the sale of shares of Reynolds Holding, which owns about 80 percent stakes in Ncell Axiata Limited.

The union said in a statement that it is a normal process to buy and sell shares of the company and since Ncell is a multinational company, it is natural to do business according to national and international practices. The statement further mentions that the process of purchase and sale of shares did not make any difference in the company's daily performance and service operations.

Referring to the fact that Ncell has been paying taxes regularly, the statement added that the company has so far paid more than Rs 283 billion in taxes to the Government of Nepal.

"The company has made significant contributions in various fields under corporate social responsibility and has extended the network to the far reaches of the country and provided telecommunication services to more than 16 million people," reads the statement.

According to the union, Ncell has directly and indirectly created more than 25,000 jobs. The union alleges that the unfounded accusation is motivated by the desire to influence the investigation report at a time when the government has formed an investigation committee to find the truth behild the process of the purchase and sale of shares of Ncell Axiata.