SCANDINAVIA – 3G INVESTMENT
April 1st, 2004
BY KEITH NUTHALLTHE EUROPEAN Investment Bank (EIB) has lent Scandinavian 3G mobile project Hi3G Swedish Krona (SEK) 1,800 million (Euro 197.5 million), welcoming the initiative as "one of the first stand-alone UMTS networks to be developed in Europe by a new entrant". The Sweden-Denmark joint venture is between Swedish industrial holding company Investor and Hong Kong telecoms player Hutchison Whampoa. EIB vice-president Sauli Niinistö said the loan signalled EU "support for competition and innovation" noting "the Nordic area has been a pioneer in mobile ...
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