| Project Detail |
The project will finance the design, roll-out and operation of 5G mobile telecommunications to increase coverage from 20% to over 99% across the whole country. Investments also include the replacement of the current 4G equipment to upgrade the 4G network.
Additionality and Impact
The project concerns investments to upgrade the mobile network operated by the promoter.
The project will accelerate the deployment of innovative telecommunication technologies and thus generate positive network externalities by enabling more users to benefit from improved and faster access to information and innovative digital services. The project also generates further externalities to other sectors of the economy by supporting innovation and competitiveness.
The 5G infrastructure deployed as a result of the project will be crucial to expand the coverage and capacity of advanced mobile broadband services. Accordingly, the project is fully in line with the "EU Digital Compass 2030", stating that by 2030 all EU households should have Gigabit connectivity. The project contributes to the EIBs Public Policy Goal Innovation, Digital and Human Capital - Digital Infrastructure.
The proposed loan will contribute to the diversification of the borrowers financing sources.
Objectives
The aim is to accelerate the deployment of innovative telecommunication technologies and thus generate a positive impact on users, in terms of improved and faster access to information and innovative digital services. The 5G infrastructure to be rolled-out will be crucial to expand coverage and capacity of advanced mobile broadband services. Hence, the project is fully in line with the "EU Digital Compass 2030", stating that by 2030 all EU households should have Gigabit connectivity.
Sector(s)
Telecom - Information and communication
Proposed EIB finance (Approximate amount)
EUR 140 million
Total cost (Approximate amount)
EUR 311 million |
