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    Signature(s)

    Amount
    € 100,000,000
    Countries
    Sector(s)
    Colombia : € 100,000,000
    Telecom : € 100,000,000
    Signature date(s)
    5/03/2009 : € 100,000,000
    Link to source

    Summary sheet

    Release date
    18 July 2008
    Status
    Reference
    Signed | 05/03/2009
    20080282
    Project name
    Promoter - financial intermediary
    Movistar Colombia Edge and UMTS Rollout
    Telefonica Moviles ColombiaS.A..
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 100.00 million.
    EUR 350.00 million.
    Location
    Sector(s)
    Description
    Objectives

    The project consists in the capacity and geographical expansion of an enhanced data rate for GSM- (EDGE) based mobile telecommunications network and the introduction of an UMTS broadband mobile network of thesecond-largest mobile operator in Colombia.

    Contributing to
    i) support EU presence in Latin America through Foreign Direct Investment,
    ii) contribute to the economic development of Colombia and
    iii) allow the transfer of European technology and know-how.

    Environmental aspects
    Procurement

    If the project was located in Europe, it would not fall under Annex I or II of EIA directive 85/337/EEC, amended by directives 97/11/EC and 2003/35/EC. Mobile networks based on GSM/UMTS technology have limited environmental effects. The visual impact of base station towers or other impacts (e.g. EMF radiation) can be mitigated by appropriate construction and operation measures

    The promoter is a private company operating in a liberalised sector of telecommunication services. The procedures relevant for the project will be checked during appraisal.

    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

    Link to source

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