TT secures EUR100m loan for network development

30 Nov 2016

Tunisian state-backed operator Tunisie Telecom (TT) has secured a EUR100 million (USD106.1 million) loan from the European Investment Bank (EIB) to help fund the expansion and development of its infrastructure, Agence Ecofin reports. In a statement, TT said it would use the funds to bankroll the deployment of 1,500 4G sites and 2,000km of fibre-optic cabling. Further, the operator said it would also upgrade its backbone network with Coarse Wavelength Division Multiplexing (CWDM) technology to cope with the rising demand for high speed connections.

Tunisia, Tunisie Telecom (TT)