Search En menu en ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages

    Signature(s)

    Amount
    € 190,000,000
    Countries
    Sector(s)
    Hungary : € 190,000,000
    Telecom : € 190,000,000
    Signature date(s)
    12/01/2006 : € 190,000,000
    Link to source

    Summary sheet

    Release date
    17 June 2005
    Status
    Reference
    Signed | 12/01/2006
    20020177
    Project name
    Promoter - financial intermediary
    MAGYAR TELEKOM Broadband Services

    MAGYAR TELEKOM RT.
    Krisztina krt. 55, H-1013 Budapest, HUNGARY

    Mr. Oliver IMOLAY, CFA,
    Director, Group Treasury Branch
    +36 1 458 0440

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 200 million.
    Up to EUR 400 million.
    Location
    Sector(s)
    Description
    Objectives

    The project concerns various strategic broadband platform developments of Magyar Telekom to supply advanced residential and business broadband services. It comprises the roll out of new business broadband services, the further expansion of existing consumer broadband services (xDSL) in terms of geographical coverage as well as performance, and the reinforcement of the national fibre backbone and the access network.

    This project will help in providing the country with state of the art telecommunications broadband infrastructure and deliver opportunities for the development of innovative services. The project thus contributes to the policy objective of furthering the "Information Society" and reduces the risk of an emerging digital divide with new Member States through modernization of fixed telecommunications infrastructure, a key platform for the provision of advanced broadband services.

    Environmental aspects
    Procurement

    The project activity does not fall under the categories listed in Annexes I and II of EU Council Directive 97/11/EC. Therefore, Environmental Impact Assessment is subject only to national legislation. The material part of the investment will basically concern new or additional equipment, which is normally housed in existing exchanges, hence no significant environmental impact is expected.

    Hungary liberalised the telecom markets in December 2001 and joined the EU in May 2004. The promoter is a publicly traded company. The Hungarian procurement law is harmonised i.a. with Directive 93/38/EEC and its subsequent amendments. Its effectiveness and the promoter’s measures for compliance will be reviewed during the appraisal. However, since Directive 2004/17/EC superseded Directive 93/38/EEC and considered that the regulation of the procurement processes of the telecommunication sector is no longer necessary, amendments to domestic law can be expected.

    Link to source

    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).

    News & Stories

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

    Related publications