Release date: 24 October 2002
Promoter – Financial Intermediary
STET Hellas, one of four mobile telephony operators in GreeceLocation
Description
An investment programme covering the period 2002-2003 aimed at the company's GSM, GPRS, and, to a lesser extent, UMTS network.
Objectives
To expand the promoter's existing GSM network as well as to cover the first phase of deployment for its newly licensed UMTS network.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 125 million
Total cost (Approximate amount)
About EUR 250 million
Environmental aspects
GSM/UMTS systems have limited environmental effect, apart from the visual impact of base station towers. Potential health risks from electromagnetic radiation are under study at an international level.
Procurement
Award of works, equipment supply and services contracts will comply with national and EU legislation.
Status
Signed - 11/12/2002
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).