WorldLink Communications Limited, Nepal’s largest internet service provider, has reported a revenue of NPR 11.12 Arba for 2024, representing a 7.7% increase compared to NPR 10.33 Arba in 2023.
In the first nine months of the current fiscal year, the company earned NPR 8.72 Arba, showing an approximate 9% growth over the same period last year. This financial growth was achieved amidst the Supreme Court’s final decision on telecom license renewal, which led to the reaffirmation of WorldLink’s credit ratings.
The company secured a CARE NP A rating for long-term credit of NPR 2.19 Arba and a CARE NP A2+ rating for short-term credit of NPR 1.75 Arba.
WorldLink’s market dominance continues with over 10 lakh active customers, accounting for 32% of Nepal’s internet service market share. Despite its strong presence, the company has faced a decline in its Average Revenue Per User (ARPU), which dropped from NPR 987 to NPR 861 per month, potentially impacting its profitability.
To address this, WorldLink has focused on adopting cutting-edge technologies such as XGS-PON and Nokia Wi-Fi Beacon to enhance its services. Additionally, the company is using an SPV (Special Purpose Vehicle) model to construct a new data center, further boosting its infrastructure capabilities.
The company has also benefited from robust foreign investments, with British International Investment contributing NPR 1.08 Arba and Dolma Impact Fund investing NPR 90 crore.
This article was originally published on bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
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