UK's CDC invests $12m in Nepal internet service provider WorldLink

UK's CDC invests $12m in Nepal internet service provider WorldLink

Patan Durbar Square, Patan, Nepal. Photo: Shaouraav Shreshtha, Unsplash

CDC Group Plc., a development finance institution owned by the UK government, has invested as much as NPR 135 crore (approximately $12 million) in Nepal’s largest internet service provider WorldLink, according to an announcement.

The funding, which marks CDC’s first equity investment in Nepal, will help fund WorldLink’s expand its operations across the country and tap remote territories.

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