Tele2 secures loan from the European Investment Bank (EIB)
Stockholm – Tele2 AB (“Tele2”) (Nasdaq Stockholm: TEL2 A and TEL2 B) today announces a EUR 140 million loan agreement with the European Investment Bank (EIB) to support the roll-out of the 5G network and upgrade of the 4G network in Sweden.
The European Union will support Tele2 in the roll-out of high-speed mobile network in Sweden with a EUR 140m loan from the European Investment Bank.
Tele2 will use the loan to roll-out state of the art 5G mobile network in Sweden with the ambition to reach 99.9 percent of the population with 5G.
–By securing a loan from the European Investment Bank on attractive terms, Tele2 continues its ambition to build the best and most reliable 5G network in Sweden, says Charlotte Hansson, CFO, Tele2.
EIB is the European Union’s bank. It is the only bank owned by, and representing, the interests of the European Union Member States. The Bank finances and specialises in sound and sustainable investment projects, which contribute to furthering EU policy objectives.
- Access to fast and stable connectivity is crucial for both businesses and individuals. This project aligns perfectly with the aim for all EU households to have gigabit connectivity by 2030. We are delighted to support Tele2, a loyal partner, in expanding the 5G network across Sweden, says Thomas Östros, President, EIB.
Tele2 builds its 5G network together with Telenor in the joint venture Net4Mobility.
For more information, please contact:
Fredrik Hallstan, Head of External Communications Phone: +46 761 15 38 30
Stefan Billing, Head of Investor Relations, Phone: +46 701 66 33 10
About Tele2
Tele2 is a leading telco with the purpose to enable a society of unlimited possibilities. Through our networks and services — ranging from mobile and fixed connectivity, telephony and data network services to TV, streaming and global IoT solutions — we are deeply connected to every aspect of today’s digital lifestyle. By making our infrastructure more powerful, reliable and sustainable, we enable society to become that as well. Tele2 was founded in 1993 and is listed on Nasdaq Stockholm. In 2023, Tele2 generated revenue of SEK 29 billion and reported an underlying EBITDAaL of SEK 10 billion. For latest news and definitions of measures, please see our homepage www.tele2.com
