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    Reference: 20180888
    Release date: 11 June 2019

    Promoter – Financial Intermediary

    MAGYAR TELEKOM NYRT

    Location

    Description

    The project concerns the rollout of advanced broadband networks in Hungary. The new networks will enable broadband services up to 1 Gbps. The measures will include the upgrade of the existing TV cable network with the latest broadband technology as well as the further expansion of the Fibre-to-the-Home network. These measures will be implemented from 2019 to 2022.

    Objectives

    The project will result in increasing the capacity, and therefore the speed and quality of service, of the promoter's fibre network in the country.

    Sector(s)

    • Telecom - Information and communication

    Proposed EIB finance (Approximate amount)

    EUR 150 million

    Total cost (Approximate amount)

    EUR 371 million

    Environmental aspects

    Investments in fixed telecommunications projects (mainly civil works for urban underground cable/fibre roll-out) do not fall under the annexes of Directive 2014/52/EU amending the Environmental Impact Asssessment (EIA) Directive 2011/92/EU. The related works have typically limited residual environmental effects as they are mainly carried out alongside existing transport infrastructures such as roads.

    Procurement

    The promoter has been assessed by EIB as being a private company not operating in the utilities sector and not having a status of a contracting entity, thus not being subject to EU rules on public procurement.

    Status

    Signed - 17/12/2019

    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

    Hungary Telecom