{"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":"
(Press Release)<\/strong><\/em><\/p>\n 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>\n 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 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 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 Happy to share that @DFID_UK<\/a>‘s dev finance institution @CDCgroup<\/a> has invested ~$12m in #WorldLink<\/a>, Nepal’s largest private internet service provider. The investment will compliment @DFIDNepal<\/a>‘s work toward connecting Nepal’s most marginalized people. #UKaid<\/a> #UKinNepal<\/a> pic.twitter.com\/rRAg1i44aN<\/a><\/p>\n \u2014 DFID Nepal (@DFIDNepal) October 24, 2019<\/a><\/p><\/blockquote>\n\n
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