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    Reference: 20160025
    Release date: 25 May 2016

    Promoter – Financial Intermediary

    DEUTSCHE TELEKOM AG

    Location

    Description

    The project concerns investments in the expansion and modernisation of the promoter's mobile 3G/4G broadband network. The objective is to create a more competitive network with increased network coverage and more capacity for a wider provision of advanced mobile data services in Germany. The operation will be implemented in the years 2016 to 2017.

    Objectives

    After the project implementation the promoter will be able to provide 4G-based services on a very wide network footprint; the network should be also strong enough to cope with the expected high network growth. Telecommunications has the widely reported direct and indirect effect of increasing growth and creating high-quality, innovation-based employment.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 500 million

    Total cost (Approximate amount)

    Not disclosed.

    Environmental aspects

    The installation of mobile telecommunication networks does not fall under either Annex I or II of Directive 2011/92/EU as amended, and is therefore not subject to mandatory environmental impact assessment. There is no particular negative residual environmental impact expected.

    Procurement

    The promoter is a private company not operating in the Utilities sector and not having the status of a contracting authority. Therefore it is not covered by EU directives on procurement.

    Status

    Signed - 27/06/2016

    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).

    Related tags

    Germany Telecom