3 Jun 2016

NIB finances 4G mobile network in Sweden and Netherlands

NIB and the Swedish telecom operator Tele2 AB have signed a EUR 130 million loan agreement for the expansion of the company’s 4G mobile network service during 2015–2018.

The eight-year maturity loan will be divided into EUR 80 million for the Swedish subproject, and EUR 50 million for the Dutch subproject.

In its home market of Sweden, Tele2 is looking to expand the geographical coverage of its 4G mobile service to 90% of the country's surface. Further, the existing capacity of the network will be increased to enable faster mobile, tablet and laptop broadband connections.

After ten years in the Dutch market, Tele2 launched its own 4G operations in the Netherlands in 2015. NIB’s loan will strengthen the company’s market position and allow improved services. The project aims to increase the outdoor population coverage to nation-wide by 2018.

The main applications of 4G mobile communication technology are improved mobile web access, IP telephony, gaming services, high-definition mobile TV, video conferencing and cloud computing.

Tele2 AB is one of Europe’s fastest growing telecom operator and has about 16 million customers in nine countries. The company offers mobile services, fixed broadband and telephony, data network services, content services and global M2M/IoT solutions. Tele2 was founded in 1993 and is headquartered in Stockholm, Sweden.

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.

For further information, please contact
Mr Tore Emanuelsson, Senior Manager, Origination, at +358 10 618 0244,

Ms Lisa-Maria Altenberger, Communications Unit, at +358 10 618 0234,