The International Finance Corporation (IFC), in collaboration with Standard Chartered Bank Nepal, is investing approximately Rs 4 arba in WorldLink Communications and its subsidiary, Data World. The investment will support broadband expansion, data center development, and increased digital access across Nepal.
WorldLink Communications, Nepal’s largest internet service provider, along with its subsidiary company Data World, is set to receive a significant foreign investment from the International Finance Corporation (IFC). The IFC, in partnership with Standard Chartered Bank Nepal, is investing USD 29 million, which is equivalent to around Rs 3 arba 98 crore.
This funding is intended to boost broadband connectivity throughout the country, develop sustainable data center infrastructure, and enhance overall digital accessibility. A key objective of the initiative is to expand high-speed fiber optic internet services, particularly in remote areas of Nepal.
As part of the project, Nepal’s first EDGE (Environmental, Data, Governance & Energy-efficient) certified data center will be established. This initiative also aims to create thousands of jobs and promote greater female representation within the workforce.
This article was originally published on https://bajarkochirfar.com Translated with the help of AI and reviewed by our editorial team.
