Get ready for a digital revolution, Sweden! A €140 million loan from the European Investment Bank (EIB) is supercharging Tele2’s ambitious plan to deliver 5G coverage to nearly every corner of the country. Sweden 5G network

This collaboration marks a significant leap forward, not just for Tele2, but for Sweden’s position in the ever-evolving technological landscape.

A €140 Million Boost for Sweden’s 5G Future

The EIB has stepped forward with a €140 million loan specifically designed to propel Tele2‘s ambitious 5G network rollout across Sweden. This isn’t just a financial injection; it’s a vote of confidence in Tele2’s commitment to bringing next-generation connectivity to nearly every corner of the country.

This loan builds upon a successful partnership – in 2016, the EIB provided a €125 million loan that played a crucial role in Tele2’s development of a robust 4G network. Now, with this new agreement, Sweden is poised to take a significant leap forward in the technological race.

Why 5G Matters: Unlocking a World of Possibilities

5G isn’t just about faster downloads and smoother streaming. It’s a transformative technology that unlocks a world of possibilities. Here’s a glimpse into what Sweden can expect:

• Businesses Empowered: Imagine factories where machines communicate in real-time, optimizing production and minimizing downtime. 5G’s ultra-reliable low-latency communication (uRLLC) can make this a reality, fostering innovation and boosting Sweden’s competitive edge.
• Smart Cities Flourish: Traffic lights that adjust to congestion, waste management systems optimized for efficiency – these are just a few examples of how 5G can pave the way for smarter, more sustainable cities.
• Rural Connectivity Revolution: Remote areas in Sweden often struggle with limited internet access. 5G’s wider reach can bridge this gap, ensuring everyone has access to the digital world, regardless of location.

“Access to fast and stable connectivity is crucial for both businesses and individuals,” said EIB Vice-President Thomas Östros. “This project aligns perfectly with the aim for all EU households to have gigabit connectivity by 2030. We are delighted to support Tele2, a loyal partner, in expanding the 5G network across Sweden.”

Tele2’s Commitment: Building a “Best-in-Class” Network

Tele2 isn’t just accepting this loan; they’re actively driving the 5G revolution. Their goal is clear: to build the “best and most reliable 5G network in Sweden,” as stated by Tele2 Chief Financial Officer Charlotte Hansson. This ambition is evident in their partnership with Telenor through the joint venture Net4Mobility, further solidifying their commitment to infrastructure development.

The EIB: A Champion for European Connectivity

The EIB’s involvement goes beyond mere financial support. They recognize the critical role of high-speed connectivity in driving economic growth and social progress. Vice-President Thomas Östros emphasizes this by aligning the project with the EU’s goal of gigabit connectivity for all households by 2030.

This loan isn’t an isolated event; it’s part of the EIB’s broader commitment to a digitally connected Europe. In 2023 alone, they financed over €88 billion in projects, mobilizing a staggering €320 billion in investment. Their focus on climate action is also noteworthy, with over half of their annual financing supporting projects that combat climate change and promote environmental sustainability.

Sweden’s Record-Breaking Year for Sustainable Investment

Sweden has already embraced the importance of sustainable infrastructure. Last year, the EIB signed a record-breaking €3 billion in financing for Swedish projects, with a significant portion directed towards climate action and environmental initiatives. This loan for Tele2 further strengthens this trend, showcasing Sweden’s commitment to a future powered by both innovation and sustainability.

Looking Ahead: A Sweden Connected Like Never Before

The Tele2-EIB partnership is a significant step towards a digitally transformed Sweden. With near-universal 5G coverage on the horizon, businesses will thrive, cities will evolve, and individuals will be empowered to connect, learn, and explore like never before. This is more than just a technological upgrade; it’s a catalyst for a brighter, more connected future for Sweden.

As for other providers in Sweden:

• Telia: Has been actively expanding its 5G network and aims to have nationwide coverage. They have been focusing on both urban and rural areas. Telia press release from January 15, 2024: “Telia’s mobile network remains the best in Sweden, according to umlaut” and Telia claims to reach over 80% of Sweden’s population with 5G as of January 2024.
• Tre: Is also investing in 5G infrastructure and expanding its coverage across Sweden. They have been partnering with Ericsson for their 5G rollout. TelecomTalk reports in August 2023: “Tre Leads 5G Usage in Sweden With 38 Percent of Total 5G Traffic”
• Telenor: Shares a network with Tele2, so their 5G coverage is aligned with Tele2’s expansion efforts.

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