Orange secures EUR500m loan for 4G, 5G deployments

Orange Group has entered into a loan agreement with the European Investment Bank (EIB) for a sum of EUR500 million (USD531.6 million) to partly finance its deployment of 5G services and strengthen its 4G mobile network capacity in rural areas of France. The financing is globally aligned with the roadmap of Orange’s new strategic plan ‘Lead the future’ (unveiled on 16 February 2023), which aims among other objectives to capitalise on the Group’s infrastructures in order to consolidate Orange’s leading position in terms of quality of service (QoS) and networks. Ramon Fernandez, Deputy CEO of Finance, Performance and Development at Orange, said: ‘This financing will enable Orange to strengthen its leadership in the mobile network in France, whether in terms of network coverage, indoor network quality, voice quality and experience for all of its 5G and 4G customers.’