WorldLink Communications, a leading internet service provider in Nepal, has received a series B investment of Rs 1.08bn ($8.4m) from the British International Investment (BII), the UK government’s development finance institution, and Rs 900m ($6.9m) from Dolma Impact Fund II. WorldLink had already received Rs 1.35bn ($12m) from BII in October 2019. With the latest series of funding, the total foreign investment in the company has reached Rs 3.33bn ($27.2m), the largest so far in the country's internet services industry. WorldLink is the country's largest private-sector ISP with more than 750,000 customers. According to the company, the money from the latest funding will be used to speed up its internet expansion activities across the country focusing on rural areas. Of late, the company has been expanding its services to rural Nepal with Karnali Province getting WorldLink FTTH service recently.

According to WorldLink, the investment by BII and Dolma will further help to create an additional 1,000 jobs in the company. The capital provided by BII and DIF II will speed up internet expansion activities, said WorldLink. "It will enable WorldLink to provide reliable internet service to more small and medium enterprises and households," the company said in a press statement.

"The wholeheartedness shown by BII and DIF II furthers our aim to transform WorldLink into an international-level company. The partnership has additionally motivated our aim to ‘connect anytime and anywhere’ and provided added excitement to speed up the further expansion of the network,” said Dileep Agrawal, chairman and managing director of WorldLink Communications. According to Abhinav Sinha, managing director and head of technology and telecoms at BII, their second investment will support WorldLink to further penetrate hard-to-reach areas in Nepal with reliable and affordable internet service, creating more jobs and opportunities to stimulate growth within the economy.