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    Signature(s)

    Amount
    € 100,000,000
    Countries
    Sector(s)
    Portugal : € 100,000,000
    Telecom : € 100,000,000
    Signature date(s)
    28/09/2009 : € 100,000,000

    Summary sheet

    Release date
    8 June 2009
    Status
    Reference
    Signed | 28/09/2009
    20090257
    Project name
    Promoter - financial intermediary
    ZON Next Generation Network

    ZON Multimédia – Serviços de Telecomunicações e Multimédia SGPS, S.A.

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 100 million.
    Currently estimated at EUR 307 million.
    Location
    Sector(s)
    Description
    Objectives

    The project is the first phase of roll out by the promoter of a Next Generation Access network to offer advanced high speed broadband services in competition with the incumbent fixed line operator.

    The project contributes to the policy objective of furthering the “Information Society” through the modernisation of fixed telecommunications infrastructure, a key platform for the provision of advanced broadband services.

    Environmental aspects
    Procurement

    The project will have a minor impact on the environment. The fibre optical cable will be installed inside existing duct infrastructure as far as possible. Electronic equipment will be installed inside the promoter’s existing office-type buildings and street cabinets and the network terminations at customer premises.

    Telecommunications have been excluded from the scope of the EU Directive controlling the procurement of utilities. The procurement procedures followed by this private sector promoter and the costs of main project components 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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