Banks lend Reggefiber €250mn for FTTH expansion

Dutch fibre network operator Reggefiber has negotiated loans totalling a quarter of a billion Euros to expand its fibre network.

The funds will be used to extend fibre connections to an additional 50 municipalities across the country as well as build an ultra-fast fibre-to-the-home (FTTH) network offering speeds of up to 1Gbps.

The European Investment Bank (EIB) has agreed to provide Reggefiber with €125m of credit as part of a ten-year facility, and another six commercial banks have separately agreed to provide loans worth an extra €125m to the network operator.

Reggefiber is currently connecting over 300,000 Dutch homes to its FTTH network annually, and expects to finish the work being financed by these new loans in 2015.