Finnish mobile operator Elisa has secured a E120m long-term loan with the European Investment Bank to support its network expansion in Finland and Estonia.
“The loan can be drawn in several tranches,” the company stated in a brief stock exchange…
Finnish mobile operator Elisa has secured a E120m long-term loan with the European Investment Bank to support its network expansion in Finland and Estonia.
“The loan can be drawn in several tranches,” the company stated in a brief stock exchange announcement today.
No other financial details were disclosed.
The Finnish firm posted E752m in revenue for the six months to the end of June, compared with E717m for the corresponding period last year. Its H1 2011 EBITDA was E239m, compared with E234m for H1 2010.
“The popularity of smartphones has fostered the rapid development of Elisa’s 3G network,” CEO Veli-Matti Mattila said while announcing H1 2011 results on 19 July.
Mattila continued: “During the second quarter of 2011, Elisa improved the coverage of its 3G network in central Finland, eastern Finland, Ostrobothnia in the west and the Uusimaa region in the south. Elisa’s 4G network is already available to corporate customers in southern Finland. We will continue to invest in the development of national 3G and 4G networks.”
