Iliad signs EUR 200 mln loan agreement with EIB

News Broadband France 28 AUG 2012
Iliad signs EUR 200 mln loan agreement with EIB
French telecom group Iliad, the parent company of operator Free, has signed a EUR 200 million loan agreement with the European Investment Bank to support the rollout of Free's fibre and ADSL2+ networks. Some 65 percent of the funds will be earmarked for the deployment of FTTH. There will be a particular focus on less densely populated areas of France under a cofinancing agreement signed with France Telecom-Orange in July 2011 designed to reach 60 towns and villages. The agreement follows a first EUR 150 million loan signed by Iliad and the EIB in 2010.

Categories:

Fixed

Companies:

Free,  Iliad

Countries:

France

Tags:

Network Access, Unified communications, Network equipment, xDSL, Fibre, Internet Access, Wholesale, Consumer, Enterprise, Financial funding

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