EIB agrees €70m loan for Estonian broadband project

In:

IT and telecoms

Region:

Europe

The European Investment Bank has signed a €70 million loan with Eesti Energia to help finance the roll-out of a passive fibre access network in Estonia.

The maximum tenor of the debt facility is 14 years, with an availability period of three years. The network will provide Very High Capacity broadband services with download speeds of 1 Gbps to about 266,000 households

The new broadband network is currently being installed across Estonia and is expected to be finished by 2023.

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