Cellnex, which manages 135,000 telecom sites across Europe, has signed a $347.4 million finance contract with the European Investment Bank to support 5G rollouts in Spain, Portugal, France, Italy, and Poland. The loan will unlock a $696 million investment to speed up the digital transition in both urban and rural areas in those countries.
“This financing will enable us to continue supporting our clients with the rollout of new sites, ensuring the efficient and seamless deployment of 5G in several countries,” said Cellnex Chief Financial Officer José Manuel Aisa. “We are also very happy with the characteristics of the operation, which has a long maturity and competitive interest rate, allowing us to improve our average debt maturity.”
The company says the project will make a major contribution to the EU Digital Decade 2030 objectives, promoting the infrastructure needed for the digital transition across Europe. Around half of the new towers will be installed in regions where per capita income is less than 75 percent of the EU average. This is the second agreement between the EIB and Cellnex to drive telecom infrastructure development in Europe.
By J. Sharpe Smith, Inside Towers Technology Editor
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