KATHMANDU, Feb. 13 -- Nepal Telecom (NT) earned net profits of Rs 3.93 billion in the first six months of the current fiscal year, which was 7.60 percent less compared to the same period of the last fiscal year.

According to the financial report of the NT, the state-owned telecommunication company faced a decline in its net profit by Rs 323.37 million in the review period. During mid-July and mid-January of the FY 2022/23, the company secured net profits of Rs 4.25 billion.

The reduction in NT's profits has been attributed to a decline in the interconnection income by Rs 529.27 million with an increased usage of the OTT service. In addition, failing to carry out timely repairing of its distribution sites along with the disruption in ele...