{"id":52276,"date":"2019-10-24T21:46:49","date_gmt":"2019-10-24T16:01:49","guid":{"rendered":"http:\/\/techlekh.com\/?p=52276"},"modified":"2019-10-24T22:10:12","modified_gmt":"2019-10-24T16:25:12","slug":"worldlink-investment-cdc-uk","status":"publish","type":"post","link":"https:\/\/techlekh.com\/worldlink-investment-cdc-uk\/","title":{"rendered":"BIG NEWS: WorldLink Receives NPR 135 Crores Investment from CDC Group, UK\u2019s Development Finance Institution"},"content":{"rendered":"<p><em><strong>(Press Release)<\/strong><\/em><\/p>\n<ul>\n<li>CDC has invested N<strong>PR 135 crores (approximately $12 million) in WorldLink<\/strong>, the largest private sector internet service provider in Nepal<\/li>\n<li>This marks <strong>CDC\u2019s first equity investment in Nepal but also its second investment in the country this year<\/strong>, and reiterates the company\u2019s commitment to the region and investing in some of the world\u2019s developing and frontier markets<\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.cdcgroup.com\/en\/\" target=\"_blank\" rel=\"noopener noreferrer\">CDC Group<\/a>, the UK\u2019s development finance institution, has today announced its investment in WorldLink, the largest private sector internet service provider in Nepal. The investment will help fund WorldLink\u2019s ambitious expansion throughout Nepal, reaching further remote territories and connecting hundreds of thousands of households and small enterprises to the internet.<\/p>\n<p><img decoding=\"async\" data-attachment-id=\"52278\" data-permalink=\"https:\/\/techlekh.com\/worldlink-investment-cdc-uk\/worldlink-cd-nepal-investment\/\" data-orig-file=\"https:\/\/techlekh.com\/wp-content\/uploads\/2019\/10\/worldlink-cd-nepal-investment.png\" data-orig-size=\"840,540\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"worldlink cd nepal investment\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/techlekh.com\/wp-content\/uploads\/2019\/10\/worldlink-cd-nepal-investment-490x315.png\" data-large-file=\"https:\/\/techlekh.com\/wp-content\/uploads\/2019\/10\/worldlink-cd-nepal-investment.png\" class=\"alignnone size-full wp-image-52278\" src=\"https:\/\/techlekh.com\/wp-content\/uploads\/2019\/10\/worldlink-cd-nepal-investment.png\" alt=\"\" width=\"840\" height=\"540\" srcset=\"https:\/\/techlekh.com\/wp-content\/uploads\/2019\/10\/worldlink-cd-nepal-investment.png 840w, https:\/\/techlekh.com\/wp-content\/uploads\/2019\/10\/worldlink-cd-nepal-investment-490x315.png 490w, https:\/\/techlekh.com\/wp-content\/uploads\/2019\/10\/worldlink-cd-nepal-investment-200x129.png 200w\" sizes=\"(max-width: 840px) 100vw, 840px\" \/><\/p>\n<p>Compared to other countries in Asia, access to digital services remains low in Nepal and presents a real challenge for most of the country\u2019s communities and the development of businesses. Improving access to affordable and quality internet is central to Nepal\u2019s development and economic growth, and a key part of UN Sustainable Development Goal 9.<\/p>\n<p>WorldLink has grown into Nepal\u2019s largest internet service provider, laying over 8000km of fibre and reaching some of the country\u2019s most remote places such as Chhatrakot Rural Municipality and Ruru Rural Municipality. It is also participating in a government subsidy scheme to extend internet services to Karnali, the most \u00a0mountainous and underdeveloped province in Nepal.<\/p>\n<p>CDC\u2019s capital will accelerate its expansion, helping WorldLink to provide even more small businesses and families with a reliable internet source. This advanced connectivity will help stimulate the growth of businesses and the local economy as they open commercial communications on a global platform.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Happy to share that <a href=\"https:\/\/twitter.com\/DFID_UK?ref_src=twsrc%5Etfw\">@DFID_UK<\/a>&#8216;s dev finance institution <a href=\"https:\/\/twitter.com\/CDCgroup?ref_src=twsrc%5Etfw\">@CDCgroup<\/a> has invested ~$12m in <a href=\"https:\/\/twitter.com\/hashtag\/WorldLink?src=hash&amp;ref_src=twsrc%5Etfw\">#WorldLink<\/a>, Nepal&#8217;s largest private internet service provider. The investment will compliment <a href=\"https:\/\/twitter.com\/DFIDNepal?ref_src=twsrc%5Etfw\">@DFIDNepal<\/a>&#8216;s work toward connecting Nepal&#8217;s most marginalized people. <a href=\"https:\/\/twitter.com\/hashtag\/UKaid?src=hash&amp;ref_src=twsrc%5Etfw\">#UKaid<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/UKinNepal?src=hash&amp;ref_src=twsrc%5Etfw\">#UKinNepal<\/a> <a href=\"https:\/\/t.co\/rRAg1i44aN\">pic.twitter.com\/rRAg1i44aN<\/a><\/p>\n<p>\u2014 DFID Nepal (@DFIDNepal) <a href=\"https:\/\/twitter.com\/DFIDNepal\/status\/1187362299100532736?ref_src=twsrc%5Etfw\">October 24, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<strong>WorldLink is already a large employer, particularly of young people, with nearly 3000 employees.<\/strong> CDC\u2019s investment will <strong>support its hiring of over 1,000 additional employees;<\/strong> CDC will also help develop a skills and training programme for all staff and progress health and safety standards.<\/p>\n<blockquote><p><strong>Srini Nagarajan Managing Director and Head of Asia at CDC commented<\/strong>: \u201cWe firmly believe in the power of connectivity to help bring communities out of poverty. Advancing the internet to MSMEs across Nepal gives them access to global trade and markets. It also brings families into contact in Nepal and overseas. WorldLink\u2019s expansion has been impressive, led by its experienced founding and management teams. CDC\u2019s capital will help accelerate this, helping it reach further remote regions. It will also support a meaningful increase in the employee base, providing all staff with learning and development skills.<\/p>\n<p>This is CDC\u2019s second investment in Nepal this year. We are delighted to be creating long term partnerships in a country where our capital will make a meaningful difference to people\u2019s lives.\u201d<\/p><\/blockquote>\n<p><strong>Dileep Agrawal, Managing Director, WorldLink said:<\/strong>\u00a0\u201cWe feel honoured to be the first CDC equity investment in Nepal. It is a recognition of our 24 years\u2019 hard work and commitment to Nepal\u2019s internet and telecoms industry. With CDC\u2019s backing, our ambition is to transform Worldlink into a world-class company that will serve as a model and inspiration to other companies in Nepal. Our partnership will accelerate our pursuit to connect everyone, anywhere, all the time.\u201d<\/p>\n<p><strong>Lisa Honan, Head of Office, DFID Nepal said:<\/strong>\u00a0\u201cDFID has a long history of helping connect Nepal\u2019s most remote villages to the rest of the country through roads and bridges, to support Nepal\u2019s economic growth. I know that this access has worked wonders to unlock the potential of these places. The benefits of dependable internet access in rural Nepal are immense, ranging from improved health services, education, access to information and financial services and connection between people and businesses. I\u2019m excited to see what changes this new initiative between CDC group and WorldLink will bring for Nepal.\u201d<\/p>\n<p>Earlier this year, CDC provided a US$15 million, three-year loan to\u00a0<a href=\"https:\/\/www.cdcgroup.com\/en\/news-insight\/news\/news-release-cdc-makes-first-ever-investment-in-nepal-with-us-15-million-loan-to-nmb-bank-3-year-financing-will-provide-credit-to-businesses-in-nepals-growing-economy\/\">NMB Bank<\/a>, one of the country\u2019s leading commercial banks.<\/p>\n<hr \/>\n<h4 style=\"text-align: center;\"><span style=\"color: #0000ff;\">READ NEXT:<\/span> <a href=\"https:\/\/techlekh.com\/daraz-11-11-sale-nepal-2019\/\">daraz Nepal Teases 11.11 Singles Day Sale for 2019 \u2013 Are You Excited?<\/a><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>(Press Release) CDC has invested NPR 135 crores (approximately $12 million) in WorldLink, the largest private sector internet service provider in Nepal This marks CDC\u2019s first equity investment in Nepal but also its second investment in the country this year, and reiterates the company\u2019s commitment to the region and investing in some of the world\u2019s&hellip;<\/p>\n","protected":false},"author":2,"featured_media":52283,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13,190],"tags":[3984,1090,275,1425],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>WorldLink Receives NPR 135 Crores Investment from CDC Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/202.51.82.239\/worldlink-investment-cdc-uk\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" 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