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    Reference: 20220072
    Release date: 1 August 2023

    Promoter – Financial Intermediary




    The project will support investments of LATVIJAS MOBILAIS TELEFONS (LMT) related to the expansion and technological upgrade of their mobile network capacity , towards a Very High Capacity Network (VHCN). It will result in the rollout of 150 5G sites providing very high capacity and speed services (> 1 Gbps) in urban areas and 690 5G sites to expand coverage all over the country, as well as the fibre optic backhaul to those sites. The promoter will also upgrade its core network to 5G standalone technology and its service and cybersecurity platforms as well as business and operations support systems, and will continue to support the expansion of its 4G access network, notably to enable the decommissioning of the 3G network and a seamless transition to 5G.


    The aim is to facilitate the transition towards a very-high capacity network (VHCN) coverage and increase the 4G network capacity. This will result in the rollout of 200 5G sites in densely populated areas and 600 5G sites in rural areas across the country. The related investments also cover backhaul optical fibre network installation, core network capacity expansion, including the deployment of cloud systems to allow distributed and virtualised network functions, as required by the latest mobile technologies. Furthermore, investments include research, development and innovation activities to develop new innovative applications and business solutions, based on 5G new technological possibilities.


    • Telecom - Information and communication

    Proposed EIB finance (Approximate amount)

    EUR 50 million

    Total cost (Approximate amount)

    EUR 101 million

    Environmental aspects

    Investments in mobile telecommunications networks do not fall under Annexes of the Environmental Impact Assessment (EIA) Directive 2014/52/EU (amending the EIA Directive 2011/92/EU) and are therefore not subject to a mandatory EIA.


    The promoter has been assessed as being a private company not being subject to EU rules on public procurement or concessions.


    Approved - 29/08/2023

    Under appraisal
    29 August 2023


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

    Related tags

    Latvia Telecom