Release date: 10 September 2021
Promoter – Financial Intermediary
EPIC COMMUNICATIONS LTD
The project concerns investments in the upgrade of the Promoter's mobile network with advanced 4G/LTE, early deployment of 5G, roll-out of fixed very high capacity (VHC) network as well as upgrades to the core network and the IT systems. The project implementation is planned for the years 2021 to 2024.
The Fiber to the Home (FTTH) access component of the project aims to cover the main villages of Malta with FTTH. The project's mobile component foresees deployment of the new generation equipment in order to benefit from the superior roadmap and performance as part of the 5G rollout strategy and plans. At project completion, the Promoter foresees a nationwide 70% coverage of 5G services.
- Telecom - Information and communication
Proposed EIB finance (Approximate amount)
EUR 20 million
Total cost (Approximate amount)
EUR 43 million
Investments in fixed and mobile telecommunications projects do not fall under Annex I or II of the EIA Directive 2014/52/EU amending the Directive 2011/92/EU. The systems have limited environmental effects, apart from disturbances during civil work constructions, which will be mitigated by appropriate measures.
The Promoter has been assessed by the EIB as being a private company not subject to EU rules on public procurement or concessions. However, if at the project appraisal, the EIB were to conclude that the Promoter is subject to EU public procurement legislation then the Bank would duly inform the Commission Services and would require the Promoter to apply those rules.
Under appraisal - 15/07/2021
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).