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    Signature(s)

    Amount
    € 150,000,000
    Countries
    Sector(s)
    Greece : € 150,000,000
    Telecom : € 150,000,000
    Signature date(s)
    10/07/2017 : € 150,000,000
    Link to source

    Summary sheet

    Release date
    28 July 2017
    Status
    Reference
    Signed | 10/07/2017
    20150941
    Project name
    Promoter - financial intermediary
    TELECOM GREECE
    COSMOTE MOBILE TELECOMMUNICATIONS SA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 150 million
    Not disclosed.
    Location
    Sector(s)
    Description
    Objectives

    The project will increase the coverage and capacity of the promoter's mobile broadband network, and finance a technological upgrade. In addition, the project will include investments in the core network to support the additional installed capacity in the access network, product platforms and IT systems.

    The investment will enable the promoter to offer advanced mobile broadband services, thereby strengthening its competitiveness. The project will also contribute to the ecosystem of mobile broadband services in Greece, which should have a positive economic impact on the market.

    Environmental aspects
    Procurement

    The installation of mobile telecommunication networks does not fall under Annexes I and II of the EU Directive 2011/92/EC as amended, and is therefore not subject to mandatory Environmental Impact Assessment. There is no particular negative residual environmental impact expected.

    The promoter is a private company not operating in the utilities sector not having the status of a contracting authority, and is thus not covered by EU Directives on procurement.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Data Sheet (ESDS) - TELECOM GREECE
    Publication Date
    24 Aug 2017
    Document language
    Main Topic
    Lending
    Document Number
    75301772
    Document Focus
    Environmental Information
    Project Number
    20150941
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - TELECOM GREECE
    Publication Date
    16 Dec 2020
    Document language
    Main Topic
    Lending
    Document Number
    135073870
    Document Focus
    Environmental Information
    Project Number
    20150941
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

    News & Stories

    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.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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