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    Signature(s)

    Amount
    € 115,000,000
    Countries
    Sector(s)
    Russian Federation : € 115,000,000
    Telecom : € 115,000,000
    Signature date(s)
    26/06/2009 : € 115,000,000
    Link to source

    Summary sheet

    Release date
    27 November 2008
    Status
    Reference
    Signed | 26/06/2009
    20080433
    Project name
    Promoter - financial intermediary
    MTS Mobile Broadband
    Mobile TeleSystems OJSC (“MTS”)
    Contact point: Mr Alexey Kaurov, Director of Corporate Finance
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 115 million.
    Approximately EUR 320 million.
    Location
    Sector(s)
    Description
    Objectives

    The project concerns the rollout of 3G/UMTS-based mobile broadband services in the Russian Federation. In particular, the project will expand the 3G network’s coverage to 24 – 27 additional cities during 2009, finally reaching about 40 cities.

    The project aims to facilitate efficient communications through improved access to Internet, multimedia and telecommunication services, with a view to contributing to increased connectivity and economic growth.

    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 network deployments have limited residual environmental effects. Further details will be assessed during appraisal.

    The Russian mobile market has been liberalised and is composed of several mobile operators. The privately owned promoter is one of the three operators that operate on a national scale. Therefore the promoter is exempted from public procurement procedures. The chosen procedures and their effectiveness will be checked during the appraisal.

    Link to source
    Summary sheet

    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).

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