French mobile operator Iliad Group has secured a €300 million ($326m) loan from the European Investment Bank (EIB) to expand its fiber footprint.

It's the sixth loan that has been granted to Iliad from the EIB since 2009, totaling €1.4 billion ($1.5bn).

Paris, France
– Thinkstock / Iakov Kalinin

The loan will enable Iliad to pursue its ambitious rollout in France, said its Group CEO Thomas Reynaud.

"Providing the best connectivity for as many people as possible is a major challenge for society and key to ensuring regional competitiveness. Increasing access to fiber is also the best way to aim for more energy-efficient digital services," said Reynaud.

Iliad currently serves more than 45 million customers across France, Italy, and Poland. In its home market France, the firm has over seven million fixed-line customers, including more than 4.5 million fiber subscribers.

Iliad never specified a target for total fiber connections when revealing the latest investment, but noted that this investment plays a key role in its ambitions to provide every household with access to ultra-fast broadband by 2025.

The company is Europe's sixth-biggest mobile operator by the number of subscribers.

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