loan Archives | VoIP Review

The French telecommunications provider Iliad, that provides fixed and mobile telephony services, prepaid phone cards, Internet access and hosting services, has signed a new $356 million loan deal with the European Investment Bank (EIB) to help the Iliad Group finance its mobile network deployment in France, in particular to consolidate its 4G network and deploy its 5G network. Since 2009, the EIB has financed Iliad, and with this new loan the total financing exceeds $1.3 billion. Having helped finance the development of the Iliad fixed network for more than a decade, the EIB is once again working with the group to provide financial support for the company’s latest generation of mobile networks. There was little information on what exactly the latest loan would be used for, but Iliad said it is devoted to providing digital coverage to the whole of France, including most rural areas. Ambroise Fayolle, Vice-President…

Nokia has signed an agreement with the European Investment Bank (EIB) for a loan of 500 million Euros (572 million US dollars) to accelerate the development of cutting edge 5G technology. This loan, supported by the European Fund for Strategic Investments (EFSI), will present opportunities for the Finnish telecom equipment manufacturer to invest in the research, development and innovation of the soon-to-be telecommunication standard technology, thereby expanding the market and displaying the potential of 5G in Europe. “We have to understand that China and the US have moved fast with the 5G. It is very important to have European companies going in for this competition,” commented the EIB vice president Alexander Stubb in the online Finnish newspaper Helsingin Sanomat. While the specific uses for the funds have not yet been identified, it is clear that Nokia’s end-to-end network will greatly benefit from this loan by ensuring the connectivity and reliability…

loan

The EIB and Iliad sign a new loan agreement

Nokia commits to 5G development with a 500 million Euro loan