Finnfund, a state-owned development financer of Finland, has invested 10 million euro in WorldLink Communications. This investment is planned to be invested in expanding the existing fiber network and help in building the first Tier 3 data center in the country.
Broadband internet is still inaccessible to nearly half the population, with a significant urban rural gap. The world class data center will facilitate the users with faster internet connectivity and enhance growth in the economy.
| WorldLink Communications started off as a store-and-forward email service with dial-up links to the internet in the US. The drive to continuously grow led the company in providing full internet access.
Today it provides income generating opportunities to 5,000 people, covers 35% broadband market share in Nepal, operates in 73 out of 77 districts in the country and reaches over 900,000 households becoming one of the largest internet and network service providers in the country and one of the most valuable brands in Nepal’s internet industry. |
“Finnfund’s investments in digital infrastructure seek to provide communities with faster, more affordable and reliable internet, and WorldLink has been working towards bridging the digital divide in Nepal by expanding its services to rural areas of Nepal and to remote villages” says Kuutti Kilpelainen, Senior Investment Manager, Head of Digital Infrastructure and Solutions portfolio at Finnfund through its press release. “Being a Finnish impact investor, we of course also value the fact that WorldLink uses Nokia’s advanced technology to enhance its internet services.”
WorldLink communication collaboration with Nokia aims to provide swift internet access in a reliable manner.
With WorldLink’s expansion, it is expected customers will benefit from quality internet service while other internet service providers, telecoms, both private and public sector organisations will also grow on larger frequency as competition shows up.
Their expansion will also help MSMEs who face limited connectivity as a barrier to growth, particularly MSMEs in previously isolated regions to extend their reach locally and globally.
