EIB agrees €350m loan to support 5G network plan in Italy
The European Investment Bank has agreed a six-year €350 million loan with Italian telecommunications company TIM to help it provide faster, higher-capacity connections.
The financed project concerns both the implementation of 5G, as announced by TIM last June, and the strengthening of the existing mobile network with 4G/Long-Term Evolution.
The projects will enable the completion of the outdoor 4G superfast mobile connection coverage in 2019-2020. They will also lead to a substantial increase in the network’s capacity to cope with the huge growth in traffic at 5G speeds of up to 2 gigabits per second. At the same time, the investments will enable the dissemination of 5G and 4G/LTE UBB commercial services, including fixed wireless access solutions, to be expanded throughout Italy.
