Orange Polska applies for EIB loan

Mobile telecoms operator Orange Polska has applied for a loan from the European Investment Bank (EIB) for a total of €190 million for developing its 3G and 4G networks. The announcement was made on the bank’s website recently. The total cost of the planned investments reaches €380 million. “The network upgrade and expansion will enable the provision of high speed mobile broadband services to a wider extent in Poland. Accordingly, the project is in line with the Europe 2020 Strategy to foster smart growth and develop an economy based on knowledge and innovation,” informs the EIB website. The credit application was confirmed to the PAP news agency by Orange Polska’s spokesman, Wojciech Jabczyński. Earlier, T-Mobile Polska also managed to successfully apply for €200 million from the EIB for network investments.