Bouygues inks a EUR350m financing agreement with EIB

11 May 2021

Bouygues Telecom has signed its first financing agreement worth EUR350 million (USD425 million) with the European Investment Bank (EIB). This funding will enable Bouygues Telecom to continue the deployment of its ultra-high speed mobile networks across France, including in rural areas, and to achieve the objectives set out in its Ambition 2026 Plan. This EIB loan will contribute to strengthening Bouygues Telecom’s mobile network coverage, including in rural areas (target of 28,000 sites in 2023 and around 35,000 in 2026), and to a four-fold increase in the capacity of its mobile radio network by 2026. Furthermore, in the fixed market Bouygues Telecom is planning to double its fibre-to-the-home (FTTH) coverage from around 17 million connections at the end of 2020 to a target of 35 million by the end of 2026 (with an intermediate target of 27 million at end-2022). Under the new Ambition 2026 Plan, the operator is aiming to invest EUR1.5 billion per year in its infrastructure.

France, Bouygues Telecom