Denmark. TDC NET A/S
| Date of agreement: | 13 Oct 2022 |
|---|---|
| Country: | Denmark |
| Customer: | TDC NET A/S |
| Amount in EUR: | EUR 110 million |
| Maturity: | 8 years |
Project
The loan has been provided to finance Danish TDC NET’s fibre rollout investments in 2022–2024. The company’s investments will result in future-proofing the digital infrastructure.
Fibre transports data and provides secure and stable connections for society. Given the rapidly increasing range of services and data traffic volumes, the broadband infrastructure needs to keep pace with demand. Therefore, TDC NET focuses on the rollout of optic fibre and in the period 2022 – 2024 NIB will contribute to the financing.
TDC NET A/S is Denmark’s largest network infrastructure company. As an end-to-end infrastructure provider, TDC NET owns and operates all critical assets necessary for operating the mobile and fixed networks to service retail service providers.
Fulfilment of NIB's mandate
The investment will provide a new digital infrastructure and services by expanding fibre network coverage and speed. TDC NET has set a goal to roll out the fibre network to one million addresses by mid-twenties. By the end of 2021, the number of such households was approximately 0.5 million. The project forecasts the financing of the rollout of fibre networks in 2022–2024 will have a rollout capacity of approximately 100 thousand households a year.
Sustainability summary
No significant negative sustainability impacts have been identified in relation to the loan. TDC NET is certified according to the ISO 14001 environmental management standard and the ISO 45001 health and safety standard. TDC NET’s climate targets are recognised by the Science Based Targets initiative.
