The European Investment Bank (EIB) has agreed to lend up to PLN 325 million (approximately $83.2 million) to Polish infrastructural telecommunications group Nexera to help finance the rollout of a fibre-to-the-home (FTTH) access network.
The FTTH network is to be rolled out in less densely populated areas of five Polish regions: Warminsko-Mazurskie, Kujawsko-Pomorskie, Mazowieckie, Lodzkie and Swietokrzyskie. These regions are located in central and north-eastern Poland.
The project is backed by a guarantee from the European Fund for Strategic Investments (EFSI), the financial pillar of the Investment Plan for Europe.
Nexera will also benefit from national and EU public subsidies awarded to it following the Digital Poland contest, or Program Operacyjny Polska Cyfrowa (POPC), for the provision of co-financing for the design, construction and operation of FTTH networks in Poland.
Nexera plans to deploy an FTTH network that will pass more than 700,000 addresses – including households, businesses and schools – in the five regions by 2025. It is estimated that the EIB loan will help Nexera to connect around 530,000 households and 1,400 schools by 2023.
Nexera is an infrastructural telecommunications group building a modern optical fibre network in 20 areas of central and north-eastern Poland on the basis of the POPC.
The programme is focused on those places in the country that have limited access to very fast internet. It also aims to counteract the digital exclusion of EU citizens. Eventually, thanks to the POPC funding and the implementation of its own projects, Nexera's cutting-edge fibre-optic network will cover one million households as well as 3,000 schools and educational units.
The European Investment Bank (EIB) is the long-term lending institution of the European Union, owned by its member states. It makes long-term finance available for sound investment in order to contribute towards EU policy goals. In 2020, the EIB Group provided €5.2 billion (about $6.1 billion) in financing to projects in Poland.