21 Oct 2019
EUR 10 million
Energy and water
|Date of agreement:||28 Sep 2012|
|Amount in NOK:||NOK 550 million|
|Amount in EUR:||EUR 74 million|
|NACE sector / loan type:||Post and telecommunications|
|Business area:||Infrastructure, transportation and telecom|
The NOK 550 million loan is earmarked to expand Tele2's mobile network in Norway. Tele2’s investment in the mobile network infrastructure will increase capacity and help it grow its market share.
Stockholm-based Tele2 is the third largest mobile operator in Norway with about 1.2 million customers. Tele2 operates in 11 countries in Europe, Russia and Kazakhstan, offering mobile services, fixed broadband and telephony, data network services, cable TV and content services.
Tele2’s network investment is expected to increase capacity, coverage and further stimulate competition in Norway’s mobile phone and broadband market.
NIB sees no significant environmental issues related to the purchase, installation and operation of telecom equipment.