Swedish network equipment supplier Ericsson announced on Friday that it had signed two seven-year agreements with the European Investment Bank (EIB), giving it access to a loan of 420 million euros to finance its research and development (R&D) activities.

The loan, of which 250 million euros was released in December, will enable the company to invest in new mobile technologies that use less energy.

Ericsson, which has set itself a goal of carbon neutrality by 2040, points out that this package complements a seven-year, 100 million euro green financing facility already obtained from the Nordic Investment Bank (NIB), and a 500 million euro green bond issue placed last November.

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