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General

TIM awarded EUR 350 mln EIB loans for 5G, fibre and data centre expansion

Monday 31 May 2021 | 10:40 CET | News
The European Investment Bank (EIB) said it has agreed to award a total of EUR 350 million in loans to support the network infrastructure of Telecom Italia (TIM). The commitment includes EUR 230 million in financing for 2021-2023 to support investments planned under TIM's new Beyond Connectivity plan to boost backbone and regional fibre optic networks (including the IP backbone) with a view to meeting surging traffic demand from fixed and mobile access networks and data centres. 

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Categories: General
Companies: European Investment Bank / Telecom Italia / TIM
Countries: Italy
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