Orange announces the signing of a 700-million euro loan with the European Investment Bank to finance part of the deployment of the Group’s Very High Speed Broadband network in France in the "Appel à Manifestation d’Intentions d’Investissements" (AMII) areas.
A first drawdown of 350 million euros took place recently with the remaining part of the loan will be made available during the first quarter of 2020.
These areas were defined in 2011 as places where population density and digital coverage was considered as being moderate; generally-speaking they are urban areas located outside very dense areas.
This loan will address all investments made in France within this zone and will help finance the completion of the deployment of Orange’s networks in the AMII areas.
Orange is one of the world’s leading telecommunications operators with sales of 41 billion euros in 2018 and 148,000 employees worldwide at 30 September 2019, including 88,000 employees in France. The Group has a total customer base of 268 million customers worldwide at 30 September 2019, including 209 million mobile customers and 21million fixed broadband customers.
