Finnfund’s 10 million euro equity investment boosts the expansion of fiber network in Nepal - Finnfund
www.finnfund.fi
Finnfund invests in WorldLink Communications Ltd, the largest internet service provider in Nepal and a pioneering ICT company in the country. Finnfund’s investment will be used to expand the existing fiber network and to build WorldLink’s first Tier 3 data center. Nearly half of the population in Nepal still lacks broadband internet access and there […]

Summary:

Finnfund has made a €10 million equity investment in WorldLink Communications Ltd, Nepal’s largest internet service provider. This investment aims to expand WorldLink’s existing fiber network and establish its first Tier 3 data center. In Nepal, nearly half of the population lacks broadband internet access, particularly in rural areas. The new data center is expected to enhance connectivity and promote economic growth by providing faster and more reliable internet services.

Kuutti Kilpeläinen, Senior Investment Manager at Finnfund, highlighted the importance of this investment in bridging the digital divide and improving access to affordable internet in remote areas. The collaboration with Nokia will also enhance the quality of internet services for WorldLink’s customers.

WorldLink currently serves approximately 900,000 households and employs around 5,000 people, holding a 35% market share in Nepal’s broadband sector. The investment represents a significant step toward connecting every corner of Nepal with affordable internet access.

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