EIB lends €75 million for Austrian fibre rollout

The European Investment Bank has announced a €75 million loan to Austrian fibre infrastructure provider öGIG to expand open-access high-speed broadband across Austria.

• The financing will support rollout in Burgenland, Carinthia, Lower Austria, Styria, Upper Austria and Vorarlberg, with a focus on rural areas and limited-connectivity regions.
• This is the first tranche of planned EIB financing; the combined EIB and commercial bank package totals €225 million and is backed by the InvestEU programme.