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    Reference: 20200368
    Release date: 5 May 2021

    Promoter – Financial Intermediary




    The project relates to the design and early rollout of a 5G mobile telecommunications network throughout Serbia as well as the densification and upgrade of the commercial 4G network. The project will be rolled out throughout the country and includes the deployment of the physical infrastructure (antennas, power and cooling facilities) and the active Radio Access Network equipment. The project also includes investments in the transmission and backhauling network to the mobile sites to cater for the increased bandwidth requirements at the sites.


    The project is fully aligned with the EIB External Lending Mandate (ELM) 2014-2020, which aims to finance investment projects in the areas of social, environmental, and economic infrastructure, including telecommunications and broadband network infrastructure. The project's objectives target the increase of the competitiveness of the electronic communications market, the development of a wide range of services available to the end users and the deployment of ultra-fast broadband connections. The project supports the country's Development Strategy for New Generation Network up to 2023 that promotes the development and take-up of 5G technologies.


    • Telecom - Information and communication

    Under ELM Guarantee

    This operation is covered by the ELM Guarantee.

    Proposed EIB finance (Approximate amount)

    EUR 70 million

    Total cost (Approximate amount)

    EUR 147 million

    Environmental aspects

    Investments in mobile telecommunications networks do not fall under Annexes of Directive 2014/52/EU amending the EIA Directive 2011/92/EU and are therefore not subject to a mandatory Environmental Impact Assessment.


    The Promoter has been assessed by the EIB as being a private company not subject to EU rules on public procurement or concessions.


    Signed - 10/12/2021


    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

    Serbia Telecom