The Nordic Investment Bank supports Ljósleiðarinn’s infrastructure investments
Summary
to support investments in Icelands fiber-optic network from 2024 to 2026.The ISK 4 billion loan will co-finance key development projects undertaken by Lj\xf3slei\xf0arinn. The funding will go toward the continued expansion of the fiber-optic network, including fiber connections for households and businesses, development of network and transport systems that ensure secure and efficient data transmission, and overall strengthening of the system.This financing is part of NIBs recent issuance of bonds in Icelandic krona.An essential step toward continued growth Lj\xf3slei\xf0arinn is a leading company in developing digital infrastructure in Iceland, operating in all major urban areas across the country. New connections are laid alongside existing transport routes and built-up areas, minimizing environmental impact.Recognition of the importance of this investment According to Andr\xe9 K\xfc\xfcsvek, President of NIB, financing Lj\xf3slei\xf0arinn supports the Banks goals of increasing productivity and sustainability in the Nordic and Baltic countries:We are very pleased to support these crucial investments in Icelands digital infrastructure. Robust telecommunications infrastructure is essential for economic growth and innovation, and the project aligns well with NIBs emphasis on sustainability and technological advancement.Einar \xde\xf3rarinsson, CEO of Lj\xf3slei\xf0arinn, welcomes the agreement and believes it will strengthen the company over the long term:It is extremely important for Lj\xf3slei\xf0arinn to partner with a strong and reliable entity for financing. With this agreement from NIB, we can secure continued growth and keep building robust and reliable infrastructure for people throughout Icelandboth for businesses and everyday life.About the parties Lj\xf3slei\xf0arinn ehf.