Swedish operator Tele2 has secured a €74m loan with Nordic Investment Bank (NIB) to finance network expansion across Norway.
The loan has an eight-year maturity and is tied to investments in Norway, where Tele2 is currently the third-largest mobile…
Swedish operator Tele2 has secured a €74m loan with Nordic Investment Bank (NIB) to finance network expansion across Norway.
The loan has an eight-year maturity and is tied to investments in Norway, where Tele2 is currently the third-largest mobile operator with around 1.2 million customers.
NIB CEO Henrik Normann said: “NIB’s loan to Tele2 is expected to enhance competition in Norway’s mobile phone and broadband services market.”
For Tele2, the deal with the bank – which promotes sustainable growth in the Nordic countries it is present in – enables the operator to diversify its funding sources.