Iliad SA, a telecommunications operator, has received a €300 million loan from the European Investment Bank (EIB) to expand its 5G network in France. This is the seventh loan Iliad SA has received from the EIB since 2009, bringing the total amount to over €1.7 billion.
With this loan, Iliad SA will be able to accelerate the development of its 5G network in France. The investment priorities of the EIB align with the goals of the EU, which aim to increase the availability of high-speed internet for both individual customers and businesses. The financial support from the EIB demonstrates their commitment to promoting the digital economy and improving connectivity in Europe.
Thanks to the new loan, Iliad SA will continue its efforts in designing and implementing 5G telecommunications networks, in addition to the funding it has already received for expanding its fiber optic networks. Iliad SA invests over 30% of its annual revenue in network expansion, totaling over €7.6 billion in the last five years.
These investments have made Iliad SA the sixth largest telecommunications operator in Europe, serving approximately 38 million mobile subscribers. The company has also strengthened its position as the leading 5G operator in France, with over 94.4% coverage and more than 15 million subscribers nationwide.
Thomas Reynaud, CEO of Iliad Group, expressed his satisfaction with the continuation of the partnership with the EIB and their shared goal of providing the best possible connectivity to subscribers. Ambroise Fayolle, Vice President of the EIB, emphasized the EIB’s support for Iliad SA as a leading player in the telecommunications market, hoping that this investment will accelerate the development of the 5G network and contribute to the development of network infrastructure.
The loan from the EIB offers attractive financial conditions and has a long maturity, allowing Iliad SA to effectively carry out its investments. The EIB’s triple-A rating and commitment to financing infrastructure and innovation are further discussed in the link.
This loan is a significant step forward for Iliad SA in expanding its 5G network in France and strengthening its position in the telecommunications industry. With the support from the EIB, Iliad SA will be able to continue innovating and providing high-quality connectivity to its growing subscriber base.
FAQ
1. Who received the loan from the European Investment Bank for 5G network expansion in France?
The loan was received by telecommunications operator Iliad SA.
2. How much loan did Iliad SA receive?
Iliad SA received a loan of €300 million.
3. What are the investment goals of the European Investment Bank?
The investment goals of the EIB include improving connectivity with ultra-fast internet for residents and businesses.
4. How much does Iliad SA invest in its network development each year?
Iliad SA invests over 30% of its annual revenue, totaling over €7.6 billion in the last five years.
Source:
EIB (European Investment Bank) – [link to EIB domain]
The source of the article is from the blog myshopsguide.com