In 2001, TCIL in association with MTNL, VSNL (Presently Tata Communications Ltd.) and a local partner viz. Nepal Ventures Pvt. Ltd. Formed a JV Company called United Telecom Limited to provide WLL based basic telecom services in the Kingdom of Nepal. Presently, the Company provides basic mobile, NLD, ILD and Data Services in Nepal. During the year, UTL requested its shareholders for subscription to the 3rd Tranche call of convertible loan to meet the financial need of the company. The same was declined by TCIL owing to shortage of funds. During the year ending March 31st, 2017, the Company achieved a Turnover of Rs. 61 Million as compared to Rs. 70 Million during the last year. The Company has incurred a loss of Rs. 472 Million during 2016-17 as compared to the loss of Rs. 425 Milllion during last year.