Finland. Elisa Corporation
Date of agreement: | 25 Jun 2008 |
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Country: | Finland |
Customer: | Elisa Corporation |
Amount in EUR: | EUR 50 million |
Maturity: | 10 years |
NACE sector / loan type: | Post and telecommunications |
Project
The 10-year-maturity loan totalling EUR 50 million has been provided for financing the expansion of the 3G and broadband networks. In the last three years, Elisa has implemented a large-scale investment programme aimed at building up and expanding the 3G mobile telecommunications network and increasing the capacity of the fixed-line broadband network. Elisa, the leading Finnish telecommunications service company, has over 1.3 million fixed-line subscriptions and 2.4 million mobile customers in Finland. It also operates a mobile telecom network in Estonia.
Sustainability summary
Elisa’s investments in its mobile and fixed-line telecommunications networks are regarded as having a minor and manageable effect on the environment. All investments are being made in Finland and new construction (base stations etc.) will be required to receive the necessary permits.