Norway. Lyse AS

Date of agreement:02 Feb 2024
Customer:Lyse AS
Amount in NOK:NOK 1,000 million
Amount in EUR:EUR 85 million


The Nordic Investment Bank (NIB) and the Norwegian utility and telecommunications firm Lyse AS have signed a 15-year NOK 1 billion (EUR 85 million) loan agreement to finance Lyse’s 5G base station project in Norway.

The new loan involves the upgrading of over 2,800 existing base stations and the establishment of over 3,500 new ones. Scheduled for building over a three-year period, this initiative will extend 5G coverage to 99.5% of Norway’s population. The deployment of these stations will furthermore contribute to diversifying the technology providers in Norway’s telecommunications infrastructure, enhancing communication security and resilience.

Fulfilment of NIB's mandate


  • Deployment of over 3,500 new 5G base stations and upgrade of over 2,800 existing stations.
  • Increased telecommunications coverage and capacity, with improved connectivity and faster speeds.
  • Enhanced support for Internet of Things, including smart homes, connected vehicles, and industrial sensors.

Sustainability summary

NIB has not identified any significant environmental issues connected to the loan.

Press release

NIB and Lyse AS Sign Loan Agreement to Support 5G Network Expansion in Norway

Press release

NIB og Lyse AS signerer låneavtale for å støtte 5G-nettverksutvidelse i Norge