Release date: 21 April 2016
Promoter – Financial Intermediary
TELE2 ABLocation
Description
The project concerns investments into the expansion and capacity increase of the 4G mobile networks in Sweden and in the Netherlands. In Sweden the plan intends to increase the geographical coverage leading by 2019 to close to full population coverage. In the Netherlands the project aims to increase the outdoor population coverage to close to full by 2018 and to further increase indoor coverage in densely populated areas.
Objectives
The project will result in increasing the quality and coverage of the promoter's mobile networks, enabling provisioning of advanced mobile broadband services also in the more rural and remote areas. Telecommunications have a widely reported direct and indirect effect of increasing growth and creating high-quality innovation-based employment. Accordingly, the project is expected to have a positive impact on the overall creation of sustainable growth and employment in the Netherlands and Sweden.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 125 million
Total cost (Approximate amount)
EUR 252 million
Environmental aspects
The installation of mobile telecommunication networks do not fall under Annexes I and II of Directive 2011/92/EU amended by Directive 2014/52/EU, and are 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 nor having the status of a contracting authority, and is thus not covered by EU directives on procurement.
Status
Signed - 14/10/2016
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).