The Nordic Investment Bank (NIB) and Finnish telecoms company Elisa Corporation (Helsinki:ELI1V) have signed a new loan agreement totalling EUR50m, NIB said on Thursday.
The maturity of the bullet loan is seven years. Elisa will use the financing to expand the company’s 3G and broadband networks.
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 rural areas of Finland.
The Nordic Investment Bank is the common international financial institution of the eight Nordic and Baltic countries.