T-Mobile Czech Republic has secured a €150m (US$207.8m) loan with the European Investment Bank (EIB) to help fund the rollout of its wireless broadband network. The total cost of the rollout project is €328m (US$454.3m), the EIB said in a…
T-Mobile Czech Republic has secured a €150m (US$207.8m) loan with the European Investment Bank (EIB) to help fund the rollout of its wireless broadband network.
The total cost of the rollout project is €328m (US$454.3m), the EIB said in a release.
A unit of Deutsche Telekom, T-Mobile CR is the largest of the Czech Republic’s three mobile operators with about 5.8 million customers. The others are Telefonica CR (O2), in which Czech businessman Petr Kellner’s PPF acquired a controlling stake in January, and Vodafone CR.
All three operators won 4G-suitable spectrum in a hotly-contested auction last November, which raised a total Kc8.53bn (US$422.31m) for the state.
This February, T-Mobile CR and O2 CR announced that they are discussing a potential network sharing agreement with the aim of accelerating their LTE rollout and improving coverage. They said an agreement could be in place by the end of the year.
DT agreed to take full control of T-Mobile CR earlier in February, acquiring a 39% stake from Mid-Europa Partners for €828m.
