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        VIVO CELULAR PROJECT

        Signature(s)

        Amount
        € 250,000,000
        Countries
        Sector(s)
        Brazil : € 250,000,000
        Telecom : € 250,000,000
        Signature date(s)
        31/10/2007 : € 250,000,000

        Summary sheet

        Release date
        12 June 2007
        Status
        Reference
        Signed | 31/10/2007
        20040398
        Project name
        Promoter - financial intermediary
        Vivo Cellular Project
        The promoter, Vivo S.A., is a joint venture between Portugal Telecom and Telefónica S.A.
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        Up to EUR 250 million.
        To be defined.
        Location
        Sector(s)
        Description
        Objectives

        The project concerns investments for the expansion and upgrade of an existing cellular mobile telecommunications network in Brazil. The project includes the building of a GSM-overlay network and the expansion of the existing CDMA network, together with the related investments in infrastructure, OSS and IT systems.

        Contributing to

        1. improving overall business productivity in Brazil,
        2. supporting two European companies with a strategic presence in Latin America and
        3. supporting the European Commission policy and objective of promoting the adoption of open international telecommunications standards as GSM.

        Environmental aspects
        Procurement

        Compliance with local and national regulation will be verified during appraisal and complete environmental details will be assessed.

        The promoter is a private company providing its services in a liberalized market, and is therefore exempt from utility type regulations. The Bank will require the promoter to ensure that implementation of the project will be done in compliance with the Bank’s procurement guidelines.

        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).

        General enquiries and comments

        The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
        Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
        Alternatively, the EIB can be contacted through its external offices.
        Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

        Media enquiries

        Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

        Complaints mechanism

        Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

        Zero tolerance against fraud and corruption

        The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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