Release date: 12 June 2007
Promoter – Financial Intermediary
The promoter, Vivo S.A., is a joint venture between Portugal Telecom and Telefónica S.A.Location
Description
The project concerns investments for the expansion and upgrade of an existing cellular mobile telecommunications network in Brazil. The project includes the building of a GSM-overlay network and the expansion of the existing CDMA network, together with the related investments in infrastructure, OSS and IT systems.
Objectives
Contributing to
- improving overall business productivity in Brazil,
- supporting two European companies with a strategic presence in Latin America and
- supporting the European Commission policy and objective of promoting the adoption of open international telecommunications standards as GSM.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 250 million.
Total cost (Approximate amount)
To be defined.
Environmental aspects
Compliance with local and national regulation will be verified during appraisal and complete environmental details will be assessed.
Procurement
The promoter is a private company providing its services in a liberalized market, and is therefore exempt from utility type regulations. The Bank will require the promoter to ensure that implementation of the project will be done in compliance with the Bank’s procurement guidelines.
Status
Signed - 31/10/2007
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).