Hungarian incumbent Magyar Telekom has raised a loan of Ft41.5m (E150m) from the EIB for the development of its broadband infrastructure.
The proceeds will be used to develop the company’s 3G and LTE networks as well as its fixed-line networks (Next…
Hungarian incumbent Magyar Telekom has raised a loan of Ft41.5m (E150m) from the EIB for the development of its broadband infrastructure.
The proceeds will be used to develop the company’s 3G and LTE networks as well as its fixed-line networks (Next Generation Access, copper and cable) over the 2010-2013 period.
In a release the EIB said: “The project supports the Digital Agenda for Europe flagship initiative under the EU2020 Strategy through further development of modern mobile and fixed line infrastructures, the key platforms for the provision of advanced broadband services. This is also in line with the EIB’s lending priority of fostering the development of a knowledge-based society in Europe.”
The six-year loan is denominated in forint.
