NIB finances fibre optic broadband investments in Norway
The Nordic Investment Bank (NIB) signs a 7-year loan with Gudbrandsdal Energi Holding As for the construction of two optical fibre broadband projects in the region of Ringebu, Nord- and Sør-Fron, Norway.The NOK 125 million (EUR 10.7 million) loan will help finance the fibre-roll out project NKOM 2 to 840 addresses, and the HFC2 roll-out to 5 300 clients. The projects are scheduled to be ready by mid-2024, planning for additional future network rollouts. “The project supports digitalisation enabling smart homes in remote areas while the local grid company can simultaneously digitise the