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    Signature(s)

    Amount
    € 500,000,000
    Countries
    Sector(s)
    Spain : € 500,000,000
    Telecom : € 500,000,000
    Signature date(s)
    30/12/2009 : € 200,000,000
    18/06/2009 : € 300,000,000
    Link to source

    Summary sheet

    Release date
    27 October 2008
    Status
    Reference
    Signed | 18/06/2009
    20080041
    Project name
    Promoter - financial intermediary
    Fixed-mobile Broadband Converge

    France Telecom Espana SA

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 500 million.
    Estimated to be around EUR 1800 million.
    Location
    Sector(s)
    Description
    Objectives

    The project concerns the roll-out of a converged fixed-mobile broadband telecommunications network by the 3rd largest mobile operator in Spain, to increase market competition.

    Access to efficient telecommunications in a competitive environment is an important factor contributing to economic growth and development. Despite the achievements to date, considerable investment is still needed to further improve mobile broadband telecommunication services in Spain, including their range, quality and affordability. The project contributes to the policy objective of furthering the “Information Society” through the supply of advanced broadband services both on mobile and fixed platforms. The project thus contributes to the renewed Lisbon Strategy, bringing the country close to the 30% high-speed broadband penetration rate target. The expansion of a converged fixed and mobile broadband telephony network is in line with the Lisbon Agenda as well as with the Bank’s i2i strategy.

    Environmental aspects
    Procurement

    Investments in mobile and fixed telecommunications projects (including investments in base stations, transmission systems and OSS) do not fall under Annex I or II of Directive 85/337/EEC as amended by Directives 97/11/EC and 2003/35/EC. Full environmental details will be assessed during appraisal, including the possible impacts on protected flora and fauna (Habitats 92/43/EEC and Birds 79/409/EEC).

    The promoter is a private company not operating in the Utilities sector, and is therefore not covered by the EU Directives on procurement.

    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

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