Iliad Group to Build Out Next-Generation Networks in France

  • FTTH
PARIS - The Iliad Group, a competitive provider in France, received an additional investment of 200 million euros from the European Investment Bank to finance its rollout of next-generation fixed networks. The bank, which financed an earlier 150-million euro project for Iliad in 2010, is the long-term lending institution of the European Union and is owned by the member states.

Sixty-five percent of the funds will be earmarked for the deployment of FTTH, and the rest will be used to extend the reach and capacity of Iliad's ADSL2+ service. Iliad will focus on the less densely populated areas of the country, based on a cofinancing agreement it signed with the incumbent operator last year to reach around 60 towns and villages.

EIB vice president Philippe de Fontaine Vive says, "Our goal is to foster the development of a competitive European economy based on the knowledge triangle of education, research and innovation. We are therefore delighted by this partnership with Iliad, a key player in the digital revolution in France. The inhabitants of small towns and villages will benefit in particular from this operation.”

Providing ultra-fast Internet access to foster growth based on digital innovation is a top priority of the EU’s digital agenda. In 2011, the EIB invested some 4 billion euros for this purpose.


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