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Signature(s)

Amount
€ 182,200,000
Countries
Sector(s)
Germany : € 182,200,000
Telecom : € 182,200,000
Signature date(s)
30/11/2007 : € 182,200,000
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Summary sheet

Release date
9 October 2007
Status
Reference
Signed | 30/11/2007
20070014
Project name
Promoter - financial intermediary
TI Breitband Infrastruktur II
HanseNet Telekommunikation GmbH, Hamburg
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 200 million. (to be verified)
Up to EUR 635 million. (to be verified)
Location
Sector(s)
Description
Objectives

The project concerns the investments made by the promoter to migrate the subscriber base of the recently acquired company AOL to the own network in 2007 as well as the coverage and capacity expansions of the network and the related support systems.

Further development of the broadband services offered on the German market.

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 investments will concern new or additional electronic equipment, which is normally housed in existing office-type buildings, hence no significant environmental impact is expected. Concerning the EU Council Directive 92/43/EEC “Habitat”, the promoter’s network, i.e. cables and ducting systems, will cover mainly urban areas, therefore Natura 2000 sites are not likely to be affected.

Telecommunications is considered as a competitive market and has been excluded from the scope of the latest EU Directive concerning the utility sector (2004/17/EC). The promoter is expected to apply efficient procurement procedures, which will be verified during appraisal.

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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).

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.

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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.

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