Reference: 20180159
Release date: 31 October 2018

Promoter – Financial Intermediary




The project relates to the capacity expansion and technological upgrade of the promoter's 4G mobile broadband network, as well as the initial deployment of a 5G network, to accommodate the expected high growth of data traffic that comes with the favourable mobile pricing plans with unlimited data volume marketed by the promoter. It includes investments in the radio access network, transmission, core network and related IT systems.


This project will improve the promoter's capacity to cope with the steep growth of data traffic.


  • Telecom - Information and communication

Proposed EIB finance (Approximate amount)

EUR 90 million

Total cost (Approximate amount)

EUR 195 million

Environmental aspects

The installation of mobile telecommunication networks do not fall under Annexes I and II of the Directive 2014/52/EU amending the Environmental Impact Assessment (EIA) Directive 2011/92/EU, and are therefore not subject to mandatory Environmental Impact Assessment. There is no particular negative residual environmental impact expected.


The promoter is a private company not operating in the Utilities sector not having the status of a contracting authority, and is thus not covered by EU Directives on procurement.


Signed - 24/10/2018


Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Related tags

Finland Telecom