Orange announces the signature of a 700-million euro loan with the European Investment Bank to finance part of the deployment of the Group’s Very High Speed Broadband network in France in the "Appel à Manifestation d’Intentions d’Investissements" (AMII) areas. A first drawdown of 350 million euros took place today; the remaining part of the loan will be made available during the first quarter of 2020.
These areas were defined in 2011 as places where population density and digital coverage was considered as being moderate; generally-speaking they are urban areas located outside very dense areas.
This loan will address all investments made in France within this zone and will help finance the completion of the deployment of Orange’s networks in the AMII areas.
About European Investment Bank
The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals. In 2018, the EIB provided € 7,2 billion in new financings to support projects in key sectors of the French economy, such as broadband development, youth training, support for businesses and innovation, modernisation of infrastructure and energy transition.
More information on: www.bei.org
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2018 France memo: http://www.eib.org/attachments/country/factsheet_france_2018_fr.pdf