September 16, 2020 | Investopaper
Internet service provider WorldLink Communications has announced the issuance of shares (IPO) to the public. Speaking at a virtual press conference on the occasion of the company’s 25th anniversary, managing director Dileep Agrawal said the shares would be issued to the public soon.
Stating that it was registered as a public company last year, Agrawal said that the shares will be issued to the public within the next three years. “We have already started preparations for the issuance of the IPO. We will move the rest of the process forward,” he said. Founded in 1995 by Dilip Agrawal, WorldLink currently has more than 2.1 million customers across the country. The company, which is distributing free Wi-Fi in 10,000 places, has also been providing TV service recently.
The company says that the net TV provided by WorldLink has 184,000 TV subscribers across the country. World Link has brought Rs 1.35 billion from the US company CDC Group last year with the aim of providing access to internet services in all parts of the country. It has 1.5 million daily active WiFi users across the country.
The company, which was established by launching email service from dial-up technology for the first time in Nepal, has been expanding its services with the development of technology and social media. Currently the company is providing fiber to home service. On the occasion, Agrawal informed that the company has been expanding internet service in Karnali region by mobilizing funds from the Rural Telecommunication Fund. The company employs 4,000 people across the country.
WorldLink is the third largest company in terms of turnover and customers after Nepal Telecom and Ncell.