ANNOUNCEMENT 10 Nov 2020

In November 2020, the European Investment Bank (EIB) and Iliad signed a EUR 300 million (approx. USD 354.5 million) loan to finance the company’s network deployment activities.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

European Investment Bank. Financed projects. ILIAD 5G NETWORK DEPLOYMENT FRANCE. 10/11/2020. Available at: https://www.eib.org/en/projects/loans/all/20200383

European Investment Bank. Projects to be financed. ILIAD 5G NETWORK DEPLOYMENT FRANCE. 18/11/2020. Available at: https://www.eib.org/en/projects/pipelines/all/20200383

European Investment Bank. Press Release. “France: The EIB and iliad sign a new €300 million loan agreement to finance 4G and 5G network rollouts”. 18/11/2020. Available at: https://www.eib.org/en/press/all/2020-312-la-bei-et-iliad-signent-un-nouveau-financement-de-300-meur-pour-le-deploiement-des-reseaux-4g-et-5g

Inception date: 10 Nov 2020 | Removal date: open ended

State loan

On 10 November 2020, the European Investment Bank (EIB) and Iliad signed a EUR 300 million (approx. USD 354.5 million) loan for financing the company’s mobile (4G and 5G) network rollout activities.

The project aims to densify Iliad’s 4G network as well as to design and roll out the 5G network throughout France. In particular, the rollout includes the deployment of the physical infrastructure (antennas, power, and cooling facilities) and Radio Access equipment. The EIB has previously financed Iliad’s rollouts in 2018 (see related state act). 

In this context, EIB Vice-President Ambroise Fayolle highlighted that “supporting innovation and the deployment of new technologies is a priority for the European Investment Bank”.

According to the press release, Iliad is the parent company of Free, a company that as of 30 September 2020 counted with over 20 million subscribers in France (6.7 million Broadband and Ultra-Fast Broadband subscribers and 13.5 million mobile subscribers).

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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