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Europe Daily Bulletin No. 8695

29 April 2004
Contents Publication in full By article 28 / 34
GENERAL NEWS / (eu) eu/eib
EIB is to provide funding for third generation mobile communication network in Sweden and Denmark

Luxembourg, 28/04/2004 (Agence Europe) - The European Investment Bank (EIB) is to grant a loan of SEK 1.8 billion to Investor AB for the construction of a third generation UMTS mobile communication project in Sweden and Denmark, one of the first stand-alone UMTS networks to be developed in Europe by a new entrant.

The Hi3G project is a joint venture between the Swedish industrial holding company, Investor, and Hutchison Whampoa. The two partners combine Investor's extensive knowledge of...

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