Image: TDC NET
13 Oct 2022
NIB finances digital transition in Denmark
NIB and the Danish provider of digital infrastructure TDC NET A/S have signed a EUR 110 million loan agreement to finance the company’s fibre rollout investments in 2022–2024.
The demand for highspeed broadband continues to rise. Today, TDC NET can deliver fibre to more than 0.5 million addresses in Denmark, and new ones are added all the time as they expand their fibre network. TDC Net’s goal is to be able to deliver fibre to one million addresses by mid-twenties. The company’s investments will result in future-proofing the digital infrastructure.
“With this loan, we can support digital transformation in Denmark. TDC NET is the largest provider of digital infrastructure in Denmark, and investments in high speed broadband support Denmark’s productivity and competitiveness,” says André Küüsvek, NIB President and CEO.
“Denmark is one of the leading countries in the world in digital infrastructure, and securing this position requires continued investment in digital infrastructure. With this new loan agreement, we are securing additional capital to invest and connect Denmark with the high speed broadband of the future,” says Henrik Hjortshøj-Nielsen, Head of IR and Treasury in TDC Group.
Fibre transports data and provides secure and stable connections for society. Given the rapidly increasing range of services and data traffic volumes, broadband infrastructure needs to keep pace with demand. Therefore, TDC NET focuses on the rollout of optic fibre and in the period 2022 – 2024 NIB will contribute to the financing.
TDC NET A/S is Denmark’s largest network infrastructure company. TDC NET provides the best mobile network and the fastest fixed-line connections, and shapes Denmark’s digital future with the rollout of fibre and 5G. Their digital infrastructure is open and accessible to all providers.
NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries. NIB has the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s. www.nib.int
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