EIB agrees €350m loan to support 5G network plan in Italy

In:

IT and telecoms

Region:

Europe

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.

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