Iceland. Ljósleidarinn ehf.
| Date of agreement: | 24 Feb 2025 |
|---|---|
| Country: | Iceland |
| Customer: | Ljósleidarinn ehf. |
| Amount in ISK: | ISK 4 million |
| Amount in EUR: | EUR 27.6 million |
| Maturity: | 7 years |
Project
The loan has been provided to co-finance Ljósleidarinn’s investments in the fibre transmission network, fibre connections to premises, network and development systems, and backbone network in Iceland for the years 2024-2026.
This loan is financed by the proceeds of NIB’s seven-year, 8.5 billion Icelandic krona inflation-linked NIB Environmental Bond, issued on 20 February.
Ljósleidarinn ehf. is a fully owned subsidiary of Orkuveita Reykjavíkur, a longstanding client of NIB, operating under the name Reykjavik Energy. Orkuveita is owned by the City of Reykjavík (93.5%), the Municipality of Akranes (5.5%), and the Municipality of Borgarbyggð (1%).
Fulfilment of NIB's mandate
As the primary digital infrastructure service provider, the company manages fibre optic networks across major population centres, connecting thousands of new homes annually. It collaborates with municipalities on urban development projects, playing a crucial role in the country’s urban growth. Additionally, the company ensures Iceland’s international connectivity by managing critical transit networks and safeguarding against submarine fibre breaks.
Sustainability summary
The construction of new networks primarily takes place in inhabited areas or along existing cabling routes, resulting in minimal environmental impact.
