This financing agreement is the first of its kind between the European Investment Bank (EIB) and the French operator. The aim is to support the deployment of Bouygues Telecom's 5G network, "including in rural areas", and to increase its mobile radio network capacity "fourfold" by 2026, the EIB said in a statement.
Bouygues Telecom plans to invest €1.5 billion in the rollout of its 4G and 5G networks and in the fibre market, where the operator plans to win over 3 million additional customers. The group hopes to increase its subscription revenues by at least 40% over the next five years while increasing its profitability.
"Bouygues Telecom has great ambitions for mobile and 5G in the years to come and wants to help open up regions by reducing the digital divide. The European Union Bank's support for this vast industrial project is a validation of our choices and confirms the relevance of our strategy," said the operator's deputy CEO Christian Lecoq, quoted in the press release.
Source : Le Figaro