NIB to finance telecom R&D in Sweden and Finland
(Thomson Reuters ONE) -
The Nordic Investment Bank (NIB) has signed a EUR 150 million loan agreement
with the Swedish telecommunications company Ericsson to finance further
development of the next generation of mobile phone and broadband technology.
The loan will help finance Ericsson's research and development investments in
the evolution of the next generation mobile broadband technology, enabling
operators to make better use of scarce spectrum resources. The research will
take place at Ericsson's R&D sites in Sweden and Finland between 2012 and 2014.
"NIB's loan will help one of the Nordic region's top exporters to strengthen its
competitive edge, while contributing to the strong telecom R&D knowledge in the
region," says Henrik Normann, NIB President and CEO.
Ericsson is a world-leading provider of mobile network infrastructure, telecom
services, and multimedia solutions. Ericsson is a publicly listed company in
Stockholm and New York and has customers in 180 countries.
The Nordic Investment Bank is the common international financial institution of
the eight Nordic and Baltic countries. NIB provides long-term financing to the
energy, environmental, transport, logistics and communications, and innovation
sectors for projects that strengthen competitiveness and enhance the
environment. NIB has the highest possible credit rating, AAA/Aaa, with the
leading rating agencies Standard & Poor's and Moody's.
For further information, please contact
Lars Synnes, Senior Manager, Origination, tel. +358 50 562 3604,
lars.synnes(at)nib.int
Arild Moen, Senior Communications Specialist, tel. +358 10 618 0496,
arild.moen(at)nib.int
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Source: NIB NORDIC INVESTMENT BANK via Thomson Reuters ONE
[HUG#1627258]
Unternehmensinformation / Kurzprofil:
Datum: 20.07.2012 - 10:10 Uhr
Sprache: Deutsch
News-ID 167202
Anzahl Zeichen: 2362
contact information:
Town:
Helsinki
Kategorie:
Business News
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"NIB to finance telecom R&D in Sweden and Finland"
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