Fast internet for Finland: Of the total committed financing amounting to EUR 285 million, KfW IPEX-Bank is contributing EUR 110 million to the fibre expansion project. The total financing also includes an uncommitted facility.

The borrower Valokuitunen Oy (VK) is a joint venture between CapMan Infra and Telia Company focused on accelerating the roll-out of fibre networks in Finland. VK is the first company in Finland to deploy fibre networks to residential suburban neighbourhoods on a national scale.

With currently over 120k Homes Passed (HP), VK intends to expand its own footprint to around 300k Homes Passed by 2026 with fibre-to-the-home (FTTH) with the present financing. The expansion is nation-wide, but focusing on the more densely populated south of Finland, in underserved suburbs and small towns. The roll-out plan contributes to Finland’s national digital infrastructure strategy of providing a minimum of 100 Mbps internet connections to all households by 2025.

With this financing KfW IPEX-Bank supports the expansion of digital infrastructure in Europe.