The loan will support the development of 5G infrastructure in Spain, Portugal, France, Italy and Poland.
Cellnex says the loan will mobilise a total investment of €631 million to improve and expand the coverage and capacity of very high bandwidth mobile network infrastructure in these countries, helping to speed up the digital transition in both urban and rural areas.
The company says this will include the construction of new infrastructure such as phone masts and urban base stations, as well as improvements to existing infrastructure and backhaul fibre deployments.
Cellnex claims the project will mark a major contribution to the EU Digital Decade 2030 objectives and will promote investment in the infrastructure needed for the digital transition across the urban and rural areas of Europe. Half of all new masts will be installed in so-called cohesion regions, where per capita income is less than 75% of the EU average.
Cellnex is a Spanish wireless telecommunications infrastructure and services company. It currently operates 130,000 towers across 12 European countries and is one of the biggest tower companies in Europe. This is the second deal between the EIB and Cellnex to drive the development of mobile telecoms infrastructure in Europe.