NIB finances new fibre optic broadband investments in Norway

NIB has signed a 10-year loan agreement with Eidsiva Energi AS to further expand the digital infrastructure in Innlandet County, and municipalities in the region, during 2025-2029.

The NOK 500 million (EUR 42.5 million) loan will finance investments to increase the number of active fibre optic broadband network clients from approximately 100,000 to 120,000 in Innlandet County by 2029.

The project is an extension of the company’s previous fibre investment programmes, co-financed by NIB, for the rollout of fast fibre optic broadband networks for 2017–2020, 2020-2021 and 2022-2024.  

The aim to increase access to fast optical fibre broadband supports Norway’s national digital strategy.

“We are pleased to support Eidsiva Energi in their ambitious project to expand the optical fibre broadband network in Norway. This investment aligns with our commitment to enhancing digital infrastructure and promoting sustainable development. By increasing access to fast and reliable broadband, we are not only supporting Norway’s national digital strategy but also contributing to the overall economic growth and social well-being of the region,” says André Küüsvek, President and CEO of NIB.

Eidsiva Energi AS is Norway’s largest electrical grid company and has been a valued customer of the Bank since 2007. The company is owned by Hafslund AS (50%), Innlandet Energi Holding AS (49.4%), and Åmot municipality (0.6%). Based in Hamar, Eidsiva Energi AS employs around 1,200 people. The company’s main business areas include power distribution, broadband services, and district heating.

NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries. NIB has the highest possible credit rating, AAA/Aaa, with the leading rating agencies S&P Global Ratings and Moody’s.

Contacts
Patrik Marckert, Senior Banker, at +358 10 618 0266, patrik.marckert@nib.int

Arild Moen, Associate Director, Communications, at +358 10 618 0496, arild.moen@nib.int