Elon Musk Eyes Huge Investment in Nepali Internet Sector, In Talk With Govt

In a groundbreaking development, Elon Musk, the CEO of Tesla and SpaceX, has proposed a staggering investment in Nepal’s internet sector through his company’s Starlink project. Starlink aims to revolutionize internet connectivity globally through satellite technology.

A Starlink team visited Kathmandu few months earlier and met with senior officials including Prime Minister Pushpa Kamal Dahal, according to a source.

They have reportedly discussed their proposal to provide dedicated satellite internet service in Nepal.

The US Embassy in Kathmandu facilitated the meeting, emphasizing the potential for affordable and high-tech internet services.

While the government is open to the proposal, legal obstacles exist, as foreign companies typically require 20% local stake, which Starlink is reluctant to accept. Nepal’s challenging terrain makes reliable internet crucial, and the Nepal Telecommunication Authority is positive about Starlink’s services, awaiting a formal proposal for consideration.

Elaborating on Musk’s proposal, the Ministry of Communications and Information Technology’s spokesperson, Netra Subedi, stated that a thorough study would precede any decision on SpaceX’s Starlink service. The proposal suggests improving internet service in Nepal through satellite technology, addressing challenges faced in rural areas due to the country’s diverse geography.

Experts view these proposals as not only transformative for Nepal’s infrastructure but also as a positive message to the global community, showcasing the country as an attractive destination for substantial investments.