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IN : EU Digital Decade
TAGS:  #5G coverage

Orange secures €500 million loan for 4G, 5G network rollout

The French mobile operator has secured a loan from the European Investment Bank (EIB).

Orange says the loan will be used to finance the group’s deployment of its 5G mobile network in France and strengthening of its 4G mobile network capacity in rural areas of the country. The operator says the loan will support the company’s strategy of responsible innovation and enhanced connectivity throughout France.

“This financing will enable Orange to strengthen its leadership in the mobile network in France, whether in terms of network coverage, indoor network quality, voice quality and experience for all of its 5G and 4G customers,” says Ramon Fernandez, deputy CEO of Finance, Performance and Development at Orange.

“I welcome this new loan to Orange to continue the deployment of its mobile networks,” says EIB Vice-President Ambroise Fayolle, “the financing of network infrastructure that is essential for improving connectivity in the European Union is one of the Public Bank of Europe’s investment priorities.”

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