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    Signature(s)

    Amount
    € 410,000,000
    Countries
    Sector(s)
    Germany : € 410,000,000
    Telecom : € 410,000,000
    Signature date(s)
    15/09/2009 : € 410,000,000

    Summary sheet

    Release date
    17 April 2009
    Status
    Reference
    Signed | 15/09/2009
    20090011
    Project name
    Promoter - financial intermediary
    Hochgeschwindigkeits-Glasfasernetze
    A global player in the telecommunication sector.
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 425 million.
    EUR 850 million.
    Location
    Sector(s)
    Description
    Objectives

    The project concerns the rollout of advanced broadband services in Germany, based on a mixture of fibre and copper technologies. This rollout will partly be undertaken jointly with the fixed line incumbent operator to increase coverage and reduce costs.

    The future plans include the coverage of a significant share of German households with an advanced broadband technology allowing for much higher download speeds than possible today. The ultimate target is to enable the provision of an improved multiplay service offer to open up new revenue sources and compete more effectively against the cable operators.

    Environmental aspects
    Procurement

    Investments in fixed telecommunications projects (including civil works investments for fibre roll-out and transmission systems) do not fall under Annex I or II of Directive 85/337/EEC as amended by Directives 97/11/EC and 2003/35/EC. Fixed telecommunications systems have limited environmental effects, apart from disturbances during civil work constructions, which can be mitigated by appropriate measures.

    Full environmental details will be assessed during appraisal, including the possible impacts on protected flora and fauna (Habitats 92/43/EC and Birds 79/409/EEC).

    According to utility directive 2004/17/EC the Telecom sector is exempt from public procurement procedures due to its competitive nature. Hence the purchasing of the private promoter is no longer regulated. The effectiveness of the applied procedures will be assessed during appraisal.

    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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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