Danish incumbent telco TDC has signed a €500m (US$684m) loan facility with the European Investment Bank to upgrade its fixed assets across the country.
The total cost of the project is around €1.046bn (US$1.43bn) and it is expected to take three…
Danish incumbent telco TDC has signed a €500m (US$684m) loan facility with the European Investment Bank to upgrade its fixed assets across the country.
The total cost of the project is around €1.046bn (US$1.43bn) and it is expected to take three years to complete.
“The project includes the rollout of latest technologies such as fibre access, vectoring and also coax cable networks,” said EIB.
“This also entails a further geographic network expansion of such services.”
Further financial details were not disclosed.
On 4 June TDC announced that it had completed the US$214m sale of its Finnish subsidiaries to local telco DNA.
The Danish incumbent provides a full suite of telecoms services in Denmark, and continues to offer B2B services in Sweden and Norway.
