Tele2 has leaned on the European Investment Bank (EIB) to expand its 4G mobile network in Sweden and the Netherlands.

The Sweden-based operator has negotiated a €125 million loan over the next two years to boost coverage in its two largest markets by revenue.

According to its half year financial statement, Tele2 has reached 87 percent 2G and 4G mobile network coverage in Sweden, with plans to reach 90 percent coverage by the end of this year.

The report noted that independent mapping company OpenSignal ranked Tele2 as having the best 4G coverage in Sweden, and as the number one Nordic operator during the second quarter.

However, Tele2 saw sales in Sweden fall three percent year-on-year to SEK6.1 billion (€630m) in the first half of the year.

In the Netherlands, where revenues grew four percent to SEK2.9 billion (€300m) over the same period, the operator is rolling out LTE-Advanced (LTE-A).

The operator said its LTE-A network had reached 97 percent outdoor population coverage and 81 percent indoor population coverage at the end of June.

Tele2 has 3.7 million mobile customers in Sweden and 932,000 subscribers in the Netherlands.

[Read more: Tele2 brings LoRa to Gothenberg]

Earlier this week, the European Commission approved the company’s SEK2.9 billion acquisition of TDC Sweden.

The company has launched a rights issue to fund the deal.

More News

WhatsApp unveils new app for small businesses WhatsApp unveils new app for small businesses WhatsApp has revealed details of its plans to target the enterprise market with the launch of a dedicated app. More detail
Work together to boost sponsored data, analysts urge operators Work together to boost sponsored data, analysts urge operators Operators need to work harder to promote the benefits of sponsored data, according to a new report. More detail
Vodafone talks up fixed access network slicing potential after successful trial Vodafone talks up fixed access network slicing potential after successful trial Vodafone has tested a new network slicing technology in Ireland that it claims will support new business models and potentially aid the deployment of fibre networks. More detail
Vodafone, CityFibre choose MK for FTTH debut Vodafone, CityFibre choose MK for FTTH debut Milton Keynes has been chosen as the first UK town to benefit from the fibre broadband joint venture between Vodafone and CityFibre. More detail
Iliad appoints 29-year-old to run new opco in Italy Iliad appoints 29-year-old to run new opco in Italy Iliad has sprung a surprise by appointing a novice to run its soon-to-be launched mobile subsidiary in Italy. More detail
    

@eurocomms