This financing agreement is the first of its kind between the European Investment Bank (EIB) and the French operator. The aim is to support the deployment of Bouygues Telecom's 5G network, "including in rural areas", and to increase its mobile radio network capacity "fourfold" by 2026, the EIB said in a statement.

Bouygues Telecom plans to invest €1.5 billion in the rollout of its 4G and 5G networks and in the fibre market, where the operator plans to win over 3 million additional customers. The group hopes to increase its subscription revenues by at least 40% over the next five years while increasing its profitability.

"Bouygues Telecom has great ambitions for mobile and 5G in the years to come and wants to help open up regions by reducing the digital divide. The European Union Bank's support for this vast industrial project is a validation of our choices and confirms the relevance of our strategy," said the operator's deputy CEO Christian Lecoq, quoted in the press release.

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Source : Le Figaro

According to Reuters, the European Commission has just opened an investigation into cable imports from China to the Old Continent. The aim is to check the business practices of Chinese manufacturers, which their European counterparts accuse of selling at too low a price.

Following a complaint filed on 10th August by Europacable, the European cable manufacturers' lobby, an anti-dumping investigation has been launched. If the European Commission agrees with the complainants, it could lead to the imposition of customs barriers within 15 months.

Europacable believes that the conditions for marketing in Europe single-mode fibre made in China are unfair because of the artificially low tariffs applied. In its complaint, the cable manufacturers' organisation also asked to see this trend increase against the backdrop of the imposition of customs barriers on these Chinese products in the United States. This would risk redirecting to Europe the volumes not sold across the Atlantic.

An initiative echoing the alarm signal sounded a year ago by the union of French manufacturers in the sector. Quarter after quarter, Sycabel highlights the sharp drop in fibre optic orders for the French telecoms sector and the concomitant rise in Asian imports.

In its last quarterly report, the organisation recalled the difficulties that this situation was causing for a "French sector of excellence", while "massive investments have been made to support the deployment of the France THD plan".

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Source : DegroupTest