The FINANCIAL -- NIB and the Finnish telecom operator Elisa Corporation have signed a EUR 100 million loan agreement related to the expansion of the company’s 4G network and building up the 5G mobile network in Finland and Estonia.
The maturity of the loan is seven years. The focus of the investment is to increase the coverage, speed and capacity of the mobile network, with the specific aim of further expanding the 4G network and building up the 5G network.
The investment programme will improve mobile network quality in terms of speed, capacity and latency times. The roll-out of 5G networks will start over the coming years, and it requires investments in the network infrastructure. Maintaining and developing the quality of network infrastructure has significant, immediate benefits in the NIB member region, as it increases the speed and capacity of the network.
Elisa is over 135-year-old telecommunications, ICT and digital service company, and the market leader in mobile subscriptions in Finland. The company has the widest 4G coverage in Finland, reaching 99% of the population. Elisa serves over 2.8 million customers in Finland, Estonia and further afield.