Norway. Gudbrandsdal Energi Holding AS
| Date of agreement: | 28 May 2024 |
|---|---|
| Country: | Norway |
| Customer: | Gudbrandsdal Energi Holding AS |
| Amount in NOK: | NOK 125 million |
| Amount in EUR: | EUR 10.7 million |
| Maturity: | 7 years |
| NACE sector / loan type: | Post and telecommunications, A/B loan |
Project
The loan has been provided for the developing two optical fibre broadband projects in the sparsely populated region of Ringebu, Nord and Sor Fron.
The project NKOM 2 consists of fibre roll-out to 840 addresses, mostly permanent dwellings.
The project HFC2fiber consists of a roll-out to 5,300 clients, of which 3,500 already have coax connection.
The projects are scheduled to be ready by mid-2024, planning for additional future network rollouts.
Gudbrandsdal Energi Holding AS, owned by the municipalities of Øyer, Ringebu, Sør-Fron, and Nord-Fron, owns Gudbrandsdal Energi Fiber AS, a subsidiary that constructs and leases out broadband networks.
Fulfilment of NIB's mandate
The new digital infrastructure will expand coverage, connectivity, speed and reliability in accordance with the national Norwegian strategy of widespread broad band access meaning providing all households with access opportunity until 2025.
Sustainability summary
No environmental concerns identified.
