Tele2 AB announced a EUR 140 million loan agreement with the European Investment Bank (EIB) to support the roll-out of the 5G network and upgrade of the 4G network in Sweden. The European Union will support Tele2 in the roll-out of high-speed mobile network in Sweden with a EUR 140 million loan from the European Investment Bank. The company will use the loan to roll-out state of the art 5G mobile network in Sweden with the ambition to reach 99.9% of the population with 5G.

Access to fast and stable connectivity is crucial for both businesses and individuals. This project aligns perfectly with the aim for all EU households to have gigabit connectivity by 2030. The are delighted to support Tele2, a loyal partner, in expanding the 5G network across Sweden, says Thomas Östros, President, EIB.

Tele2 builds its 5G network together with Telenor in the joint venture Net4Mobility.