TIM Secures 360 Million Euros Loan From EIB for 5G Network Expansion in Italy

Italian telecommunications company TIM receives a 360 million euros loan from the European Investment Bank (EIB), partly backed by SACE, to support the development of its next-generation network infrastructure in Italy. The loan will be used to expand 5G coverage across the country by the end of 2025 using 700 MHz bands.

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Also Read: Orange Secures 500 Million Euros Financing for 4G, 5G Networks in France

The EIB financing, 60 percent guaranteed by Italian insurance and finance company SACE, will also allow TIM to access a debt instrument on more favourable terms than those offered on the bond banking market.

Objectives of the 2030 Digital Decade

EIB Vice-President Gelsomina Vigliotti, TIM CEO Pietro Labriola, and SACE Chief Business Officer Bernardo Attolico signed the agreement. The operation aligns with the objectives of the 2030 Digital Decade, a European Union programme that aims to develop secure and sustainable digital infrastructure, support the digital transformation of businesses, and digitalise public services.

Also Read: TIM and Google Cloud Launch the First 5G Edge Cloud Platform

Previous EIB financing for TIM projects

The EIB has already provided over 1 billion euros in financing for TIM projects between 2019 and 2023, primarily focused on developing and supporting the telecommunications network infrastructure, bridging the digital divide, and meeting the targets of the Digital Agenda for Europe.

Also Read: Sparkle Enhances Global Optical Network With Infinera and Nokia

TIM’s infrastructure development and market position

The TIM Group develops fixed-line and mobile infrastructure, operating on the international services market via Sparkle. TIM is the number one telecommunications company in Italy, and TIM Brasil is one of the main players in the South American telecommunications market and a leader in 4G coverage.