The loan will support the development of 5G infrastructure in Spain, Portugal, France, Italy and Poland.
Telefónica’s Movistar launched a 5G+ service for consumers, enterprises and society in Spain using Ericsson’s 5G core network technology combined with its radio access network (RAN).
The operator has been awarded a €25.5 million contract to connect select high-speed rail routes.
The number of voice calls has decreased for the first time, while 5G now accounts for 14% of subscriptions.
The German operator has set out new 5G rollout goals, following a failure to hit previous base station targets.
The emerging fourth operator has failed to hit its 5G base station target by the end of 2022.
It is the last operator in the country to launch 5G services.
Test, measurement and assurance company Viavi Solutions says 5G networks are now active in 47 of the world’s 70 largest economies.
The UK has set out a target of covering all populated areas with standalone 5G by 2030.
The association says although 5G coverage has increased, Europe is not as advanced the United States, South Korea and China.