Nokia has signed a €500 million loan transaction with the European Investment Bank (EIB), supported by key Investment Plan for Europe element, the European Fund for Strategic Investments (EFSI). The company plans to use the funding to further accelerate the research and development of 5G technology.
The European Investment Bank (EIB) and Proximus S.A. have reached an agreement on a €400 million loan granted to the Belgian service provider to further roll-out and upgrade its fixed broadband infrastructure in Belgium, predominantly to help accelerate deployment of a Gigabit network of the future, bringing fibre to 85 per cent of businesses and to the centres of cities and communities in Belgium.
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