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    Signature(s)

    Amount
    € 500,000,000
    Countries
    Sector(s)
    Poland : € 55,000,000
    EU Countries : € 60,000,000
    Germany : € 100,000,000
    Finland : € 125,000,000
    France : € 160,000,000
    Industry : € 500,000,000
    Signature date(s)
    27/08/2018 : € 55,000,000
    27/08/2018 : € 60,000,000
    27/08/2018 : € 100,000,000
    27/08/2018 : € 125,000,000
    27/08/2018 : € 160,000,000
    Link to source

    Summary sheet

    Release date
    27 August 2018
    Status
    Reference
    Signed | 27/08/2018
    20180099
    Project name
    Promoter - financial intermediary
    NOKIA 5G
    NOKIA OYJ
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 500 million
    EUR 1775 million
    Location
    Sector(s)
    Description
    Objectives

    The project relates to the development of a new 5G network product portfolio according to the telecom industry's global 5G standards, and the complementary Internet Protocol (IP)/Optical solutions to address the transport challenges posed by the massive amount of traffic that will be generated by the 5G customers. The project will include both development of hardware and software components.

    The financing will support Nokia's research and development (R&D) activities in Europe to further develop 5G, mobile technology and definition of standards. Mobile networks are evolving to deliver superior mobile broadband and communication services with increased data rates, improved coverage, availability and quality that will open up for new services and business opportunities across a broad range of industries in Europe and globally.

    Environmental aspects
    Procurement

    The research, development and innovation (RDI) activities included in the project would concern mainly software and hardware development, and are expected to be carried out in existing facilities, so no particular negative impact on the environment is expected. An Environmental Impact Assessment (EIA) is therefore not needed as per the EIA Directive 2014/52/EU amending Directive 2011/92/EU. The full environmental details will however be investigated by the Bank's services during the project due diligence.

    The promoter has been assessed by the EIB as being a private company not being subject to EU rules on public procurement or concessions.

    Link to source

    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) - NOKIA 5G
    Publication Date
    27 Sep 2018
    Document language
    Main Topic
    Lending
    Document Number
    84482738
    Document Focus
    Environmental Information
    Project Number
    20180099
    Sector(s)
    Regions
    Publicly available
    Download now
    scoreboard - NOKIA 5G
    Publication Date
    8 May 2019
    Document Language
    English
    Main Topic
    lending
    Document Number
    86389224
    Document Focus
    EFSI legal requirements
    Document Type
    Scoreboard
    Project Number
    20180099
    Last update
    8 May 2019
    Sector(s)
    Industry
    Countries
    Germany, France, EU Countries, Poland, Finland
    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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