Estonia utility promises ‘Very High Capacity’ broadband using EIB funds | The Paper Source University
In Estonia, state-owned utility Eesti Energia has won a €70 million ($79 million) loan from the European Investment Bank (EIB) to deploy a fibre access network.
The utility has promised to provide ‘Very High Capacity’ broadband services with download speeds of 1Gb/ps to 266,000 households.
More than 47,000 of the households are in areas with insufficient connectivity while about 219 000 are in areas with limited broadband service offerings.
Elektro Maribor wins EIB aid to refurbish grid network
A new initiative to fund European startups in sustainable mobility
The network is expected to be finished by 2023.
Thomas Östros, the vice president of EIB, said: “Estonia has already made name for itself as a very digitalised country and we are happy to help push the boundaries of broadband internet access in the country even further. The EIB has an excellent and long-standing partnership with Eesti Energia and we are glad to be able to support them in this venture.”
Enlit Europe will gather in Milan between 30 November and 02 December 2021 and will feature innovative companies accelerating decarbonisation at Europe’s largest gathering of companies driving and leading the energy transition. Are you going to be there?
Click here to join us in Milan.
This is the seventh loan agreement to be signed between Eesti Energia and EIB since 2004. Following the latest agreement signed in December 2019 for €175 million ($197 million), the EIB has provided the company with some €600 million ($677 million) in loans since 2004.
Comments are closed.