The European Investment Bank issued a €300m loan to iliad SA to expand its 5G network rollout in France. This is iliad SA’s seventh loan from EIB, bringing its total amount of EIB financing granted since 2009 to more than €1.7 billion.
The iliad Group is now Europe’s sixth-largest mobile operator with some 38 million mobile subscribers. the Group’s 5G coverage rate in France is now over 94.4% of the population, and it has almost 15 million mobile subscribers across the country, of which 11 million are on the 4G/5G Free Mobile Plan.
“This financing transaction – the seventh loan granted to iliad SA by the EIB since 2009 – reaffirms the strength of the long-standing relations that unite our two groups, not only in France, but also in Poland via our subsidiary Play since the beginning of 2022. We’re delighted to be furthering our partnership with the EIB, which will enable us to pursue our ambitious objectives of rolling out and densifying our mobile networks in France so we can provide the best connectivity to our subscribers,” said Thomas Reynaud, CEO of the iliad Group.
