Elisa Secures EUR 100 million Loan to Develop 5G Network in Finland and Estonia

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Elisa Secures EUR 100 million Loan to Develop 5G Network in Finland and Estonia Image Credit: YuktaLavannya/Thefastmode.com

Elisa has secured a EUR 100 million loan from the Nordic Investment Bank (NIB) o support its investments in 5G networks in Finland and in Estonia.

Elisa is Finland’s largest operator investor, with over EUR 200 million in capital expenditure investments annually in Finnish telecommunications infrastructure. In the coming years, investments are directed especially towards building the 5G network, starting at the beginning of 2019.

Henrik Normann, President and CEO, NIB
The loan to Elisa facilitates the expansion of 5G infrastructure in Finland and in Estonia. Investments in 5G are vital for the productivity of the Nordic–Baltic companies, as the new mobile network generates the knowledge accumulation in our member region’s technology sector.

Veli-Matti Mattila, CEO, Elisa
Elisa has been a pioneer in mobile communications in its core market for years. Today, Finns use the most mobile data in the world, and the majority of the usage is in Elisa’s network. Our next key investment target is the introduction of 5G networks. 

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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