Info Image

Bouygues Telecom Secures €350M Financing from EIB

Bouygues Telecom Secures €350M Financing from EIB Image Credit: Elnur/Bigstockphoto.com

Bouygues Telecom has signed its first financing agreement worth €350 million with the European Investment Bank (EIB).

This funding will enable Bouygues Telecom to continue the deployment of its ultra high-speed mobile networks across France, including in rural areas, and to achieve the ambitious objectives it has set for itself.

Under its new Ambition 2026 Plan, the operator plans to invest €1.5 billion per year and accelerate its growth in order to become the leading alternative mobile operator in France, offering its customers the best possible quality of service. 

 

This EIB loan will contribute to strengthening Bouygues Telecom’s mobile network coverage, including in rural areas (target of 28 000 sites in 2023 and around 35 000 in 2026), and to a fourfold increase in the capacity of its mobile radio network by 2026, ensuring better connectivity for the maximum number of people nationwide.

Furthermore, in the fixed market, Bouygues Telecom will double its FTTH coverage from about 17 million connections at the end of 2020 to a target of 35 million by the end of 2026 (with an intermediate target of 27 million at end-2022) and will invest in fixed equipment (modems, TV set-top boxes, etc.) to anticipate the increased usage and growth of its customer base.

Christian Lecoq, VP in charge of Finance and Procurement, Bouygues Telecom
We are delighted with this financing agreement with the EIB. Bouygues Telecom has major ambitions for the coming years in the mobile and 5G sectors and wishes to open up French regions by reducing the digital divide.

Ambroise Fayolle, VP, EIB
Supporting innovation and infrastructure for new technologies that are key to the digital transition is one of the main tasks of the bank of the European Union. So I am very pleased to see this initial partnership with Bouygues Telecom focused on 5G come to fruition.

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

PREVIOUS POST

Helios Towers to Acquire Omantel’s Passive Tower Infra for $575M

NEXT POST

KPN Rejects Takeover Bids from EQT/Stonepeak and KKR