Finnvera to Provide €30M for Vodafone Ukraine Network Upgrade — Nokia to Supply Equipment
Finnvera, the Finnish state-owned financing agency, will invest €30 million to help modernize Vodafone Ukraine’s telecom network. Ukraine’s Ministry of Digital Transformation announced the funding. Finnish tech giant Nokia will supply the equipment and services for the project.
What’s Known
- A memorandum of cooperation was signed by Vodafone Ukraine, Nokia, and Finnvera during the Ukraine Recovery Conference in Rome (URC2025).
- The investment will support the expansion of 4G and GPON coverage, boost the network’s resilience to shelling and power outages, and help prepare for the rollout of new telecommunications technologies.
- Nokia and Vodafone Ukraine will jointly set priorities for the network upgrade. According to the agreement, Finnvera will finance up to €30 million worth of Nokia’s telecom equipment and services over the next three years.
As a reminder, the EBRD and IFC previously invested $435 million in expanding the infrastructure of the merged Datagroup-Volia and lifecell networks after NJJ Holding (NJJ) acquired both companies in September 2024.
Finnvera to Provide €30M for Vodafone Ukraine Network Upgrade — Nokia to Supply Equipment
Finnvera, the Finnish state-owned financing agency, will invest €30 million to help modernize Vodafone Ukraine’s telecom network. Ukraine’s Ministry of Digital Transformation announced the funding. Finnish tech giant Nokia will supply the equipment and services for the project.
What’s Known
- A memorandum of cooperation was signed by Vodafone Ukraine, Nokia, and Finnvera during the Ukraine Recovery Conference in Rome (URC2025).
- The investment will support the expansion of 4G and GPON coverage, boost the network’s resilience to shelling and power outages, and help prepare for the rollout of new telecommunications technologies.
- Nokia and Vodafone Ukraine will jointly set priorities for the network upgrade. According to the agreement, Finnvera will finance up to €30 million worth of Nokia’s telecom equipment and services over the next three years.
As a reminder, the EBRD and IFC previously invested $435 million in expanding the infrastructure of the merged Datagroup-Volia and lifecell networks after NJJ Holding (NJJ) acquired both companies in September 2024.
