Proximus has secured a EUR 400m loan from The European Investment Bank (EIB) for the further roll-out and upgrading of its fixed broadband infrastructure in Belgium, mainly in the acceleration of Fiber-to-the-Home (FTTH) and Fiber-to-the-Business (FTTB).
In the framework of its Fiber for Belgium project, Proximus announced its intention to invest EUR 3 billion over 10 years to accelerate the roll-out of Fiber in Belgium, with the ambition to bring a future-proof next generation network to the customers.
The objective is to reach 85% of businesses and bring Fiber to the centers of cities and communes in Belgium. In February 2018, more than 6,000 enterprises were already connected to Fiber, while a total of 24 cities and communes are in roll-out or planned for short-term implementation.
The European Investment Bank is supporting the roll-out of high-speed Internet in the context of the overarching "Digital Agenda for Europe 2020" strategy, which aims to promote smart growth and develop a knowledge and innovation-based economy.