Portuguese quad-play operator Nos has applied for a €100m loan with the European Investment Bank (EIB) to expand its fibre footprint nationwide.
The project, which would require a total investment of €200m, consists of the roll-out of fixed…
Portuguese quad-play operator Nos has applied for a €100m loan with the European Investment Bank (EIB) to expand its fibre footprint nationwide.
The project, which would require a total investment of €200m, consists of the roll-out of fixed next-generation access networks and technological developments, including investments in the backbone network and IT systems.
“With the implementation of the project the promoter will extend its fibre-to-the-home (FTTH) and hybrid-fibre-coaxial (HFC) networks to cover mid-sized towns in the Portuguese hinterland, where it is still not present,” the EIB said in a statement.
The bank did not disclose when Nos’ application, still under appraisal, will be approved.
In recent weeks, the Lisbon-based operator, which is controlled by Angolan billionaire Isabel dos Santos, has been rumoured to be a potential bidder for Altice-owned local cableco Cabovisao.
Last month, the telco, created in 2013 following the merger of cableco Zon and wireless operator Optimus, launched two new commercial paper programmes worth a total €175m (US$197.5m), which will replace existing credit facilities.
