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Iliad Telecom secures European Investment Bank funding

The European Investment Bank has loaned €150m to France’s Iliad Telecom, operator of the Free platform, for the deployment of very high-speed internet services and fibre-to-the-home.

Iliad aims to pass four million homes in France with its FTTH network by 2012. The loan will also help Iliad realise its aim of extending its coverage of unbundled ADSL to make its triple-play services available to between 600 and 800 more local exchanges in the course of this year and next.