FastWeb receives EUR300m loan from EIB to bankroll VDSL2 deployment

Italian broadband provider FastWeb has been issued with a EUR300 million (USD401.9 million) loan by the European Investment Bank (EIB), the Luxembourg-based financial body has confirmed. The pre-agreed loan, which was initially agreed in March this year, will be used by the company to deploy a VDSL2 network between now and end-2015. The total cost of the deployment has been estimated at EUR750 million.