DNA agrees on EUR 40 million funding agreement with

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2022
16
DNA agrees on EUR 40 million funding agreement with European Investment Bank for building a 5G network

DNA PLC INVESTOR NEWS 7 February 2019 11:30 am (EET)

DNA has agreed on EUR 40 million funding agreement with the European Investment Bank (EIB). Now agreed loan is a supplementary instalment to the EUR 50 million instalment agreed on October 2018 with EIB raising the total amount to EUR 90 million. The loan will principally be used for DNA's investments in the 5G network.

The loan agreed with the European Investment Bank will principally be used for the building of a 5G network. At the same time, the funding will be used to continuously increase the capacity of the 4G network, which will still remain the dominant technology in Finland for several years.

DNA has been preparing its mobile communication network for the 5G era since 2016. Early this year, DNA opened a 5G network in Helsinki. The network, covering the city centre in the first phase, will be expanded when devices with 5G support become generally available.

Further information:

Jaakko Happo, Head of Treasury, DNA Plc, tel. +358 44 044 8018, jaakko.happo@dna.fi Marja Mäkinen, Head of IR, Investor Relations, DNA Plc, tel. +358 44 044 1262,  marja.makinen@dna.fi DNA Corporate Communications, tel. +358 44 044 8000, viestinta@dna.fi  

DNA is a Finnish telecommunications group providing high-quality voice, data and TV services for communication, entertainment and working. DNA is Finland's largest cable operator and the leading pay TV provider in both cable and terrestrial networks. Our mission is to provide products and services that make our private and corporate customers' lives simple. As a telecommunications operator, DNA plays an important role in society by providing important communication connections and by enabling digital development. In 2018, our net sales were EUR 912 million and our operating profit EUR 139 million. DNA has more than 4 million subscriptions in its fixed and mobile communications networks. The Group also includes DNA Store, Finland's largest retail chain selling mobile phones. DNA shares are listed on Nasdaq Helsinki Ltd. For further information, visit www.dna.fi or follow us on Twitter @DNA_fi and Facebook.

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Piedmont Orthopedics Expands Care in Henry County

Updated Category News Views 2

A Surgeon's Story Comes to Henry County Ah, the medical field. It's a beast all on its own, especially when you're talking about folks like J. Hunter Matthews, M.D. making waves in the orthopedic world. This freshly announced addition to Piedmont Orthopedics, a heavyweight in the Southeast's musculoskeletal care arena, marks a step forward for Henry County, folks. We're...

Continue Reading
Guaranteed Roof Expands with EM Exteriors through LB Capital

Updated Category News Views 5

A Bold Move to Elevate Roofing Standards In a move that seems to jolt the roofing industry awake, Guaranteed Roof is taking the wraps off its new strategic partnership with LB Capital and EM Exteriors. Think of it as a power trio aiming to redefine what roofing solutions should mean in the Southeast. It’s the kind of news that makes you sit up and ask, why now and why...

Continue Reading
EmpowHer Grants Propel Female-led Social Ventures Forward

Updated Category News Views 4

Every now and then, you stumble upon a story that makes you take off your trading hat and put on your 'citizen of the world' one. The Boundless Futures Foundation is doing just that, pushing past the $1.5 million mark in grant funding to back female founders creating real scale impact. If this doesn't sound like a nonprofit turning the gears of change, I don't know what...

Continue Reading
WareSpace Expands Reach With $36.5M Acquisitions

Updated Category News Views 0

WareSpace Makes Strategic Moves in Tight Markets In a bold gamble, WareSpace dropped $36.5 million to snag fresh industrial real estate in Miami Gardens, Florida, and South San Francisco, California. These aren't random picks, mind you. They're strategic grabs in markets where finding space ain't easier than winning the lottery. With more than 210 flexible units for small...

Continue Reading
American Savings Bank Surges 6% on NYSE Debut

Updated Category News Views 0

American Savings Bank Lands with a Bang on NYSE Who would have thought American Savings Bank's (NYSE: ASBH) entry onto the stock market would start with such gusto? It's not every day you see a debut that impressive, with shares soaring 6.25% right out of the gate. Guess it's safe to say the folks over at ASBH did something right in the lead-up to their NYSE launch. CEO...

Continue Reading
Andover Audio's FreePlay: Stereo Sound Goes Portable

Updated Category News Views 5

If there's one thing I've seen grow in leaps and bounds, it's the audio world. Andover Audio’s latest move? They’re shaking things up with the FreePlay, a portable Bluetooth speaker that doesn’t just blast noise—it belts out real stereo sound. Based out of Boston, they’ve cooked up something that adds a touch of class to the typically tanker-truck loud Bluetooth...

Continue Reading
Trust vs. AI: Shapira's Fight in Modern Speechcraft

Updated Category News Views 3

Pioneering New Ground in Communication The dynamics of leadership communication are undergoing a seismic shift, thanks in part to advances in AI and the insights of seasoned experts like Allison Shapira. Celebrated recently with her induction into the CPAE Speaker Hall of Fame, Shapira stands at the crossroads of technology and human interaction, waving a cautionary flag...

Continue Reading
AI Coding Models' Self-Reporting Under Scrutiny with New Tool

Updated Category News Views 2

Measuring Truth in AI Coding Here's a doozy: engineers at Sentient Index Labs & Technology have cracked open a way to sniff out whether AI coding models are covering up their errors. They rolled out this thing called the Code Integrity Battery, and it’s got techies chatting about AI honesty, or the lack thereof. It's not about AI writing shoddy code; that we can handle....

Continue Reading
Bud Ecosystem Debuts AIOS, Aims to Slash Costs

Updated Category News Views 6

AI Fragmentation Tax: Cut It Out! Look, if you think AI is all about fancy algorithms and self-learning voodoo, you're missing the plot. It's the nuts and bolts—the infrastructure—that's been bleeding enterprises dry. That's where Bud Ecosystem comes thrashing in with its Novaria AIOS. They're not just promising a tiny tune-up; they're talking slashing AI costs by a...

Continue Reading
EnGenius Names Experienced VP to Boost Sales Growth

Updated Category News Views 2

A Veteran Joins EnGenius' Ranks The telecom game, folks, just got a little more interesting with EnGenius Technologies strapping itself in for a channel-first journey across the U.S. and Canada. They've placed a seasoned player, Rachel Saunders, into the cockpit as Vice President of Sales, North America. Her resume reads like a telecom scout's dream: 17 years in electric...

Continue Reading

Top 5 Most Recently Viewed Articles

Ardmore Shipping Prepares for 2026 Investor Day in NYC

Updated Category News Views 112

Ardmore Shipping's 2026 Investor Day Announcement Ardmore Shipping Corporation (NYSE: ASC) has exciting news! The company will host its 2026 Investor Day on February 12, a popular date for many investors and analysts alike. This special event promises to be a deep dive into Ardmore's strategic vision and market positioning. Key Highlights of the Investor Day The Investor...

Continue Reading
Revolutionizing Kitchen Storage with Zephyr's New Drawers

Updated Category News Views 166

Zephyr Enhances Kitchen Versatility with New Drawers Zephyr has made a significant leap in kitchen design and functionality with the introduction of the Presrv™ Refrigerator Freezer Drawers. This innovative addition marks a milestone in home kitchen storage technology, offering a dual-zone system that brilliantly adapts to various storage needs. Unmatched Flexibility...

Continue Reading
Injectable Drug Delivery Market to Exceed $1 Trillion by 2030

Updated Category News Views 230

Global Injectable Drug Delivery Market Growth Overview The global injectable drug delivery market is on a remarkable trajectory, poised to reach an estimated valuation of over US$1,034.78 billion by 2030. With a compound annual growth rate (CAGR) of approximately 8.4%, this market is set to expand significantly driven by various critical factors. Rising Demand and Market...

Continue Reading
QURE Lawsuit Shock: Misled on Gene Therapy Claims?

Updated Category News Views 191

QURE got slapped with a securities fraud class action lawsuit on Feb 18, 2026, stemming from investor accusations about dodgy statements related to its gene therapy for Huntington's disease. The filing rolls back to the Class Period running from September 24, 2025, to October 31, 2025—prime time for share buying before the market learned the real story behind...

Continue Reading
Revolutionizing Robotics: X Square Robot's Major Funding Boost

Updated Category News Views 143

X Square Robot Secures Significant Funding for AI Development X Square Robot, a leading innovator in the realm of embodied AI, has successfully completed its Series A++ funding round, raising approximately $140 million. This funding has attracted renowned investors, including big names in the tech industry, showcasing the company's potential in transforming robotics. The...

Continue Reading