Optical fiber: first funding networks "project bonds"
|2014/07/23 21:16:59||日常 | fiber optic lighting|
Europe's financial contribution to the high speed broadband infrastructure in France through a bond backed by the European Investment Bank.
EIB sign, July 23, 2013 at the headquarters of the Caisse des Dépôts, in the presence of Neelie Kroes, European Commissioner for the Digital Economy, the agreement related to this loan granted Axione Infrastructures.
It will be a priori the first funding "project bonds" type that will be used in France in the deployment of fiber optic networks.
These bonds differ from bank loans and government subsidy. They primarily intended to stimulate financing on capital markets, major infrastructure in energy, transport and telecom projects.
Offering the support of the EIB, these loans have a better quality of credit with more favorable financial terms for the borrower.
Free EIB financed in 2010 and 2012
The amount of the loan granted to Axione Infrastructure is of the order of € 191 million. This amount will be used for the deployment of very high speed networks in regions in which the company is involved.
Axione Infrastructure is a holding company owned 15% by companies Bouygues group, 30% by the Caisse des Dépôts and Groupe Caisse d'Epargne 55%. It operates through 14 public service delegation in equipment areas with broadband, on behalf of local authorities.
In fact this is not the first time the Bank is involved in high-speed networks in France. Free has already received 200 million euros granted by the EIB in 2012 for the deployment of next-generation fixed networks after an initial contract funding of EUR 150 million signed between the EIB and the Iliad in 2010. But it was not of bonds using the mechanism of "project bonds"