Epic Communications Ltd

Epic Malta Mobile And Fixed Network Evolution

Industry
Telecoms and Communications/Cellular / mobile infrastructure
Area of finance
Development Bank Finance
Region
Europe
Countries
Malta

Deal Overview

EIB has agreed financing of €20 million to Epic to accelerate the roll-out of its 5G network to reach nationwide coverage in Malta by 2024, and expand its fibre-optic network by continuing to install its very high-capacity broadband access network in selected areas of the country.The project...

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EIB has agreed financing of €20 million to Epic to accelerate the roll-out of its 5G network to reach nationwide coverage in Malta by 2024, and expand its fibre-optic network by continuing to install its very high-capacity broadband access network in selected areas of the country.

The project will bring significant benefits to Malta and its inhabitants and regional development, as these broadband connections are needed to be able to reap the full benefits of digitalising economic sectors, such as agriculture, tourism, and commerce. It will also address the development of the core network that will allow Epic to cater to the expected increase in traffic demand and build a more future-proof and effective fibre network to support its mobile network. 

In the past five years, the EIB has supported telecom and broadband networks worldwide with €11.7 billion worth of financing investment.

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Deal Volume
$ 23.68m
Financial Close
05 September 2022

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