Release date: 15 June 2016
Promoter – Financial Intermediary
TELEFONICA GERMANY GMBH & CO OHGLocation
Description
The project concerns the investments in the expansion, modernisation and consolidation of the promoter's mobile access network after the acquisition of its competitor E-Plus. The objective is to create an optimised network with significantly better network quality through increased coverage for a wider provision of advanced mobile broadband services in Germany. The main implemention phase will be carried out during the years 2016 and 2017.
Objectives
The project will increase the quality and coverage of the promoter's mobile network in the country, enabling provision of advanced mobile broadband services also in more rural and remote areas. Accordingly, the project is expected to have a positive impact on the overall creation of sustainable growth and employment in Germany.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 450 million
Total cost (Approximate amount)
Not disclosed.
Environmental aspects
The installation of mobile telecommunication networks do not fall under Annexes I and II of Directive 2011/92/EC, and are therefore not subject to mandatory environmental impact assessment. No particular negative residual environmental impact is expected.
Procurement
The promoter is a private company not operating in the Utilities sector and not having the status of a contracting authority, and is thus not covered by EU directives on procurement.
Status
Signed - 13/06/2016
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).