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EIB support will give high-speed internet access to over 400,000 Swedish households

Staff Writer |
The European Investment Bank (EIB) is supporting the expansion of the Swedish fibre network in cities and rural areas with EUR 125 million in debt financing over the next four years.

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The transaction with IP-Only, the country’s biggest independent network provider, was made possible by the European Fund for Strategic Investments (EFSI).

EFSI is the central pillar of the Investment Plan for Europe, set up by the EIB Group and the European Commission to boost the competitiveness of the European economy.

Fast internet is becoming ever more crucial in an increasingly digitized society. However, more than one-third of Swedish households lack access to fast fibre networks.

In rural areas, three out of four households rely on out-dated technology or have no fixed access at all.

The EIB’s support to IP-Only will provide over 400,000 households and companies with next-generation broadband internet connections.

Additionally, IP-Only’s open network model allows clients to freely choose digital service providers and benefit from improved competition and lower costs.

The project will contribute to the Swedish Government’s broadband strategy, which aims to connect 95% of all households and businesses with a minimum of 100 Mbps to the internet by 2020.

The EIB has provided attractive terms and has pushed for a sustainable financial structure allowing IP-Only to bring network access to a higher number of households than planned.

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