Release date: 23 February 2011
Promoter – Financial Intermediary
TIM CELULAR S.A.
Location
Description
The project concerns the 2010-2011 investments for the geographical coverage expansion and capacity increase of TIM´s GSM and UMTS networks in Brazil.
Objectives
Apart from promoting local economic development, the project will transfer economic and technological knowledge by supporting a well-established European company diversifying through FDI into Latin America.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 200 million
Total cost (Approximate amount)
EUR 1 652 million
Environmental aspects
If the project was located in Europe, it would not fall under Annex I or II of EIA directive 85/337/EEC, amended by directives 97/11/EC and 2003/35/EC. Mobile networks based on GSM/UMTS technology have limited environmental effects. The visual impact of base station towers or other impacts (e.g. EMF radiation) can be mitigated by appropriate construction and operation measures.
Procurement
The promoter is a private company operating in a liberalised sector of telecommunication services. The procedures relevant for the project will be checked during appraisal.
Status
Signed - 29/12/2011
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).