Vodafone Ukraine secures €30M debt to upgrade Nokia network
Vodafone UkraineDealroom has a profile for this one. Try Dealroom → has raised €30M in export credit financing, organised by ING GroupDealroom has a profile for this one. Try Dealroom → with risk coverage from FinnveraDealroom has a profile for this one. Try Dealroom →, the Finnish state export credit agency. The agreement was signed in June 2026 at the Ukraine Recovery Conference (URC 2026) in Gdansk, Poland.
What's the deal? The full €30M will be directed at upgrading Vodafone Ukraine's network infrastructure across three areas: energy resilience at base stations (building on 20,000 LFP batteries and over 7,000 diesel generators already in place), expansion of the operator's GPON fibre network (covering 2.1 million households across 61 settlements), and 5G deployment — following the first public 5G test zones launched in Lviv and Borodyanka in early 2026. All hardware will be supplied by Finnish vendor Nokia CorporationDealroom has a profile for this one. Try Dealroom →.
Why it matters. The deal uses an export credit structure: ING arranged the loan while Finnvera provided the state-backed guarantee. CEO Olga Ustinova described the financing as a contribution to "Ukraine's digital future," while Finnvera's EVP Jussi Haarasilta noted it supports infrastructure that helps the Ukrainian public and private sectors to continue operations during martial law.
Read more: HiTech Expert
Photo: Ervins Strauhmanis (Flickr/Openverse)
