Nordic mobile operator Hi3G has secured a €200m (US$274m) loan with the European Investment Bank (EIB) for network upgrades in Sweden and Denmark.
The group, which is 60% owned by Hong Kong conglomerate Hutchison Whampoa and 40% by Sweden’s…
Nordic mobile operator Hi3G has secured a €200m (US$274m) loan with the European Investment Bank (EIB) for network upgrades in Sweden and Denmark.
The group, which is 60% owned by Hong Kong conglomerate Hutchison Whampoa and 40% by Sweden’s Investor AB, applied for the debt back in October to support its 4G deployment across both countries.
Hi3G CEO Peder Ramel said: “It will not only support our continued rollout of 4G in Sweden and Denmark but will also help us to cover less densely populated areas in Sweden with a high speed 3G network.”
The operator is based in Sweden, where EIB provided €1.57bn in financing in 2013, compared with €1.13bn the year before.
