NIB lends to Finnish Elisa for network expansion
(Thomson Reuters ONE) -
The Nordic Investment Bank (NIB) and the Finnish telecommunications company
Elisa Corporation have signed a new loan agreement totalling EUR 50 million. The
maturity of the bullet loan is seven years. The financing is earmarked for the
expansion of the company's 3G and broadband networks.
A significant part of Elisa's investments co-financed with the loan from NIB are
aimed at increasing the coverage, speed and capacity of its mobile broadband
networks particularly in Finland's rural areas. Elisa's network covers over 90%
of the population and the 3G coverage.
"NIB's loan to Elisa facilitates further upgrade of the communications
infrastructure in Finland. These investments are essential for the country's
competitiveness and the borrower's ability to maintain its technological
leadership," says Johnny Åkerholm, NIB President and CEO.
Elisa is a telecommunications and ICT service company servicing approximately
2.2 million consumers, companies and public administration organisations.
The Nordic Investment Bank (NIB) 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
Kim Krokfors, Senior Manager Origination, at +358 10 618 0517,
kim.krokfors(at)nib.int
Dimitrijs Alehins, Senior Communications Specialist, at +358 10 618 0296,
dimitrijs.alehins(at)nib.int
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Source: NIB NORDIC INVESTMENT BANK via Thomson Reuters ONE
[HUG#1573199]
Unternehmensinformation / Kurzprofil:
Datum: 22.12.2011 - 09:00 Uhr
Sprache: Deutsch
News-ID 99404
Anzahl Zeichen: 2457
contact information:
Town:
Helsinki
Kategorie:
Business News
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"NIB lends to Finnish Elisa for network expansion"
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