|Date of loan:||21 Dec 2011|
|Amount in EUR:||EUR 50 million|
|NACE sector / loan type:||Post and telecommunications|
|Infrastructure, transportation and telecom|
The 7-year-maturity loan totalling EUR 50 million has been provided for the expansion of 3G broadband networks. The borrower is investing in high-speed broadband networks in smaller towns and rural areas of Finland. The NIB loan will help Elisa Corporation achieve a better balance in its debt portfolio maturity.
Elisa is a telecommunications and ICT service company serving approximately 2.2 million consumers, companies and public administration organisations.
Elisa's activity is part of the communications infrastructure in Finland and Estonia. Efficient infrastructure is important for the competitiveness of both countries. The investments are essential for Elisa to keep in pace with telecom services development and to maintain Elisa's competitive edge and technological leadership
The expansion of the 3G network and increases in the speed and capacity of the broadband network in Finland has insignificant environmental impacts.
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