Release date: 28 July 2017
Promoter – Financial Intermediary
COSMOTE MOBILE TELECOMMUNICATIONS SALocation
Description
The project will increase the coverage and capacity of the promoter's mobile broadband network, and finance a technological upgrade. In addition, the project will include investments in the core network to support the additional installed capacity in the access network, product platforms and IT systems.
Objectives
The investment will enable the promoter to offer advanced mobile broadband services, thereby strengthening its competitiveness. The project will also contribute to the ecosystem of mobile broadband services in Greece, which should have a positive economic impact on the market.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 150 million
Total cost (Approximate amount)
Not disclosed.
Environmental aspects
The installation of mobile telecommunication networks does not fall under Annexes I and II of the EU Directive 2011/92/EC as amended, and is therefore not subject to mandatory Environmental Impact Assessment. There is no particular negative residual environmental impact expected.
Procurement
The promoter is a private company not operating in the utilities sector not having the status of a contracting authority, and is thus not covered by EU Directives on procurement.
Status
Signed - 10/07/2017
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).