Finland. Valoo Oy
| Date of agreement: | 16 Dec 2024 |
|---|---|
| Country: | Finland |
| Customer: | Valoo Oy |
| Amount in EUR: | EUR 40 million |
| Maturity: | 5.5 years |
Project
Valoo Oy, a Finnish internet service provider will accelerate the roll-out of fibre infrastructure and provide high-speed internet services primarily to single-dwelling households across Finland. The loan is supported by the InvestEU programme.
Fulfilment of NIB's mandate
Productivity:
Valoo will bring fiber connections to over 300,000 Finnish homes in the coming years. By the end of 2024, Valoo had expanded its network to tens of thousands of households across more than 30 municipalities throughout Finland. The company focuses particularly on building fiber connections in sparsely populated suburban areas where such infrastructure is still lacking. Construction is primarily concentrated in Southern Finland and the Oulu region.
Although Finland is a pioneer in digitalisation, excelling in areas such as wireless 4G and 5G networks, the availability of digital services, and data consumption, it lags many other European countries in the number of fixed (over 100 Mbps) broadband connections in households. This project aims to address this shortfall by focusing on areas with limited services. At the same time, it supports national digitalisation goals and improves access to critical network services.
Environment:
The project has no significant environmental impact.
Sustainability summary
The project aligns with the Bank’s sustainability policy and guidelines. With minimal environmental impact, the project does not require any additional environmental permits.
