Kathmandu, Aug. 19 -- The Nepal Telecommunications Authority on Monday revoked the licence of Nepal Satellite, a telecom service provider owned by controversial businessman Ajeya Raj Sumargi, after the company failed to clear outstanding dues amounting to around Rs 800 million.

"The company failed to pay the amount we sought in the given time frame, which led to the cancellation of its service licence," said Puroshottam Khanal, chairman of the Nepal Telecommunications Authority. "Nepal Satellite can file a complaint against the decision within 35 days."

Nepal Satellite, which operates under the brand Hello Nepal, was asked by the regulator to deposit the Rs 800 million accrued as frequency charges, licence fees and for the Rural Telecom...