6 Jun 2016
Stockholm-based Tele2 Group has secured a EUR130 million (USD147.5 million) loan agreement with the Nordic Investment Bank (NIB) with which it plans to fund the expansion of its 4G LTE networks in Sweden and the Netherlands over the next three years. The agreement includes the cancellation of the existing EUR74 million loan with NIB, so new proceeds will be around EUR56 million. This is Tele2’s fourth loan from NIB since 1994. NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden.