ANNOUNCEMENT 13 Jun 2018

In June 2018, the European Investment Bank (EIB) signed a loan agreement with ORANGE to support its project concerning the roll-out of next-generation mobile and fixed networks in Spain.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

The European Investment Bank, Financed Projects, ORANGE SPAIN FTTH AND 4G ROLLOUT: http://www.eib.org/en/projects/loan/loan/20140573
The European Investment Bank, Project summary, Project No. 20140573, ORANGE SPAIN FTTH AND 4G ROLLOUT: http://www.eib.org/en/projects/pipelines/pipeline/20140573

Inception date: 13 Jun 2018 | Removal date: open ended

State loan

The loan agreement between the European Investment Bank (EIB) and ORANGE was signed on 13 June 2018 and has a total value of EUR 400 million (approx. USD 471 million).

The loan will support the company's project to roll-out next-generation mobile and fixed networks in Spain including investments related to IT systems and backbone networks. With the implementation of this project ORANGE aims to extend its fibre network and 4G coverage in Spain.

The telecommunications company Orange is a mobile and internet service provider and one of the largest in Europe. The company has its headquarters in France and operates in 28 countries around the world including in Spain. Additionally, ORANGE operates as Orange Business Services in 220 countries or territories around the world.

A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support granted here is discriminatory.

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