Nepal’s leading ISP WorldLink Communications Ltd. is all set to issue IPO to the public. Dileep Agrawal, WorldLink’s Managing Director, revealed last September that the company has plans to go public and will be issuing IPO soon.
The Internet giant has commemorated its glorious 25th anniversary this year and encouraged by its widening service scope, it plans to get bigger and better and expand its services to the remotest nooks and corners of the country.
Stock Market: A Major Attraction Since Covid-19 Economic Clamp Down
The Stock Market has taken Nepalese by storm in recent times. A record number of people applied for the IPOs of Nepal Infrastructure bank, Prahu Life Insurance, and Chandragiri Hills.
Chote Lal Rauniyar, who Chairs Nepal Investors’ Forum, has pointed out that “decline in income resources due to lockdown and interest rate cut down by banks attracted the general public towards the stock market.”
The idea of earning digital with less physical humdrum after lockdown squeeze has been a major draw for share market enthusiasts. Currently, Demat accounts have reached 2 MN and more. With a series of companies issuing IPOs, more people are attracted to invest. There has been no better time for companies to issue IPO in Nepal.
After 25 years, WorldLink has catapulted itself as the largest Internet Service Provider in the country and remains the third-largest telecom company. As of now, WorldLink has stretched its service in 73 districts and accounts for the 43% of the total bandwidth.
Starting with Dial-Up internet to a whopping 60 Mbps juggernaut, WorldLink has helped Nepal achieve a better IT profile for years. Currently, WorldLink serves with default NetTV, IPTV that has transformed TV consumption in Nepal. The way Worldlink is growing with 1.5 million active users every day, the ISP will only grow in the future. Find Worldlink Internet packages and price.
Worldlink to Usher In A Wave of IPOs for Telecoms
When it comes to IPO offerings, telcos have not come forward to the public at large. Nepal Telecom is the only telecom company currently listed in the Nepalese stock and is running profitably.
WorldLink has already listed itself as a public company, so it could play a leading role in encouraging other telecoms to follow the suit. Ncell has long been rumored to come with the offering too, after turning itself into a public company. Dish Home has also made a buzz regarding its own IPO.
More than 22 MN Nepalese have access to the internet. 56% of those are using mobile data for the internet, according to NTA reports. Many villages in Nepal have a nominal connection and are yearning for a proper consistent network. At this, there is a ground for a telecom operator to invest well and provide a satisfactory service in parts of the country.
Smartphone users are increasing at a high rate. The contents require higher bandwidth and mobile data packs are not going to be enough for rich multimedia content.
Today’s is the age of 4G, 5G, and 4k resolution contents, which will become the norm in a few years. Whichever company takes lead will also earn a larger market share and consumer trust.
The time has come for Nepali Telecom companies to steer ahead and diversify their offerings with service availability in all parts of the country. It is possible with more public investment and their active participation.
WorldLink IPOs will take three years to become a reality. However, the way the stock market is booming with multiple companies issuing their IPOs, it looks certain that WorldLink will bring it sooner than later.
What do you think of this news? How eager are you to buy to take your slice in WorldLink’s IPO once it arrives?