Release date: 9 October 2007
Promoter – Financial Intermediary
HanseNet Telekommunikation GmbH, HamburgLocation
Description
The project concerns the investments made by the promoter to migrate the subscriber base of the recently acquired company AOL to the own network in 2007 as well as the coverage and capacity expansions of the network and the related support systems.
Objectives
Further development of the broadband services offered on the German market.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 200 million. (to be verified)
Total cost (Approximate amount)
Up to EUR 635 million. (to be verified)
Environmental aspects
The project activity does not fall under the categories listed in Annexes I and II of EU council Directive 97/11/EC. Therefore, Environmental Impact Assessment is subject only to national legislation. The material part of the investments will concern new or additional electronic equipment, which is normally housed in existing office-type buildings, hence no significant environmental impact is expected. Concerning the EU Council Directive 92/43/EEC “Habitat”, the promoter’s network, i.e. cables and ducting systems, will cover mainly urban areas, therefore Natura 2000 sites are not likely to be affected.
Procurement
Telecommunications is considered as a competitive market and has been excluded from the scope of the latest EU Directive concerning the utility sector (2004/17/EC). The promoter is expected to apply efficient procurement procedures, which will be verified during appraisal.
Status
Signed - 30/11/2007
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).