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Telefónica Issues 1 billion Euros Green Bond - First in the Telco Sector

Telefónica Issues 1 billion Euros Green Bond - First in the Telco Sector Image Credit: Telefónica

Telefónica has successfully launched its first green bond issue, amounting to 1 billion euros and a term of five years. The transaction is also the first green bond issuance in the telecommunications sector.

The proceeds obtained will serve to finance projects devoted to increase the company's energy efficiency thanks to the network transformation from copper to fibre optic in Spain, and could be used, in any case, for existing projects (no older than three years) and future projects.

FTTH (Fibre to the home) is 85% more energy efficient in customer access than the copper network. And it has saved 208 GWh in the last three years, which means avoiding the emission into the atmosphere of 56,500 tons of CO2, equivalent to the carbon captured by more than 900,000 trees. In addition, the deployment of fibre allows the company to close a copper central office daily, recycling all the material as part of its commitment to the circular economy.

The migration to fiber, together with the use of renewable energy and other energy efficiency initiatives, is allowing Telefónica to consolidate its telecommunications network as one of the most sustainable in the market in terms of energy and CO2. 

Globally, more than 50% of the electricity used by Telefónica comes from renewable sources, said the Operator. And it has stabilized its energy consumption despite the fact that traffic has grown 107% in the last three years, thus improving its efficiency by more than 50%. 

Author

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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