France: Iliad secures €300 million EIB loan

Iliad Group has secured a €300 million loan from the European Investment Bank (EIB) to use in supporting its 5G network expansion in France. This marks the seventh loan issued to the telco by the EIB since 2009. 

Thomas Reynaud, CEO of the Iliad Group, said, “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."

EIB Vice-President Ambroise Fayolle added, "This latest investment will enable this European champion to accelerate its 5G network rollouts and strengthen network infrastructure that has become essential for companies’ business development and people’s daily lives.”