News entreprises
LuxNetwork, a Luxembourg-based telecommunications operator, has announced a structured financing agreement with Spuerkeess Bank and the Société Nationale de Crédit et d’Investissement (SNCI), supported by its investors and backed by the Mutualité de cautionnement.
This project, the result of over a year of work, is part of a strategic effort to enhance Luxembourg’s digital resilience while expanding LuxNetwork’s reach in Belgium, France, and Germany. It addresses the growing demand for ultra-high-speed connections between Luxembourg, Brussels, Frankfurt, and Paris. Additionally, it reflects LuxNetwork’s ambition to connect Luxembourg to more than 20 data centers across Europe, significantly improving existing performance and capacity levels.
Businesses in the financial, technology, and logistics sectors will directly benefit from this infrastructure, enabling them to access ultra-fast connectivity services essential for their critical operations and digital transformation.
According to Luc Lutot, founder and CEO of LuxNetwork: “This €5 million financing strengthens our position as a key player in 100Gbps and 400Gbps connectivity in Luxembourg and across Europe. By investing in cutting-edge infrastructure with our technology partner Ciena, we address critical needs for digital transformation while bolstering Luxembourg’s competitiveness in the telecommunications sector.”