Telekom Slovenije announced that they have submitted for approval to the Ministry of Finance of the Republic of Slovenia an application for long-term financing of the company in the amount of EUR 100m which will be used to finance CAPEX.

In a statement released on the Ljubljana Stock Exchange Yesterday, Telekom Slovenije has announced that they have submitted for approval to the Ministry of Finance of the Republic of Slovenia an application for long-term financing of the company in the amount of EUR 100m.

The company plans to obtain the funds from the European Investment Bank, the interest was already revealed to the European Investment Bank by submitting a non-binding offer. The obtained funds will allow Telekom Slovenije to finance the expansion and upgrade of its fiber optics access network in Slovenia, which will become the infrastructure foundation for its future telecommunication activities.

Telekom Slovenije is also replacing its copper network with the fiber optics access network, so that it will bring users higher internet access speeds and a state-of-the-art broadband content user experience.