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Telecoms company Orange gets 500 million euros loan from European Investment Bank

Reuters
·1-min read

PARIS (Reuters) - Orange, France's biggest telecoms company, said on Thursday that it had received a 500 million euros ($532 million) loan from the European Investment Bank (EIB) to develop and strengthen its 5G and 4G mobile networks in France.

"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," said Orange executive Ramon Fernandez in a statement.

($1 = 0.9398 euros)

(Reporting by Sudip Kar-Gupta; Editing by Muralikumar Anantharaman)