The European Investment Bank (EIB) on Monday signed a 150 million euros financing agreement with Greece’s Cosmote Mobile Telecommunications SA to help enhance the company’s 4G/4G+ mobile broadband network coverage, capacity expansions and technological upgrades. The transaction benefits from support of the EU budget guarantee under the European Fund for Strategic Investments (EFSI), the financial instrument of the Investment Plan for Europe.
Cosmote is a subsidiary of Hellenic Telecommunications Organisation (OTE), which in turn is 40% owned by Deutsche Telekom.
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Photo Source: Wikimedia Commons Copyright: Palauenc05 License: CC-BY-SA
Source: thenationalherald.com
