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EIB and Cellnex join hands for $350 million investment to propel 5G infrastructure development

Approximately 50% of new masts will be installed in cohesion regions. These are regions where the per capita income is less than 75% of the EU average.

By João Marques Lima

Founder and Editor, The Tech Capital

4 Mins

July 26, 2023 | 12:12 AM BST

EIB and Cellnex join hands for $350 million investment to propel 5G infrastructure development

Left to right: Cellnex CFO, José Manuel Aisa; EIB Vice-President, Ricardo Mourinho Félix; Cellnex CEO, Marco Patuano; Cellnex Global Finance Director, Isard Serra; Cellnex Global Corporate Governance, Legal financing and M&A Director, Virginia Navarro. Source: Cellnex

The Tech Capital

An agreement was inked between the European Investment Bank (EIB) and Cellnex (BME: CLNX), making way for a €315 million (US$348.32 million) loan to enhance mobile telecom infrastructure.

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João Marques Lima

Founder and Editor, The Tech Capital

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