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        TIM MOBILE BROADBAND NETWORK

        Signature(s)

        Amount
        € 200,000,000
        Countries
        Sector(s)
        Brazil : € 200,000,000
        Telecom : € 200,000,000
        Signature date(s)
        13/07/2012 : € 100,000,000
        29/12/2011 : € 100,000,000

        Summary sheet

        Release date
        23 February 2011
        Status
        Reference
        Signed | 29/12/2011
        20100466
        Project name
        Promoter - financial intermediary
        TIM Mobile Broadband Network

        TIM CELULAR S.A.

        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        EUR 200 million
        EUR 1 652 million
        Location
        Sector(s)
        Description
        Objectives

        The project concerns the 2010-2011 investments for the geographical coverage expansion and capacity increase of TIM´s GSM and UMTS networks in Brazil.

        Apart from promoting local economic development, the project will transfer economic and technological knowledge by supporting a well-established European company diversifying through FDI into Latin America.

        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.

        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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