Proximus gets EUR 400 mln loan from EIB to accelerate fibre rollout

Wednesday 7 March 2018 | 14:38 CET | News

Proximus has signed a deal to get EUR 400 million from the European Investment Bank (EIB), in support of the operator’s Fibre for Belgium programme. Under that programme, Proximus plans to invest EUR 3 billion over 10 years to accelerate the deployment of future-proof fibre networks in the country. With the money, the company aims to bring fibre to 85 percent of the businesses and city and municipal centres in Belgium. 

As of February, Proximus said it had over 6,000 businesses connected to fibre and that it had started or had short-term plans to start fibre services in 24 cities and municipalities. 

The EIB said the loan supports its Digital Agenda for Europe 2020 strategy, with its plans for superfast internet.

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