Search EN menu en EIB GROUP CLIENT PORTAL
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages

    Signature(s)

    Amount
    € 150,000,000
    Countries
    Sector(s)
    Hungary : € 150,000,000
    Telecom : € 150,000,000
    Signature date(s)
    17/12/2019 : € 150,000,000

    Summary sheet

    Release date
    11 June 2019
    Status
    Reference
    Signed | 17/12/2019
    20180888
    Project name
    Promoter - financial intermediary
    MAGYAR TELEKOM BROADBAND NETWORK EXPANSION
    MAGYAR TELEKOM NYRT
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 150 million
    EUR 371 million
    Location
    Sector(s)
    Description
    Objectives

    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.

    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.

    Environmental aspects
    Procurement

    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.

    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.

    Other links

    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).

    Documents

    Environmental and Social Data Sheet (ESDS) - MAGYAR TELEKOM BROADBAND NETWORK EXPANSION
    Publication Date
    8 Dec 2019
    Document language
    Main Topic
    Lending
    Document Number
    95664783
    Document Focus
    Environmental Information
    Project Number
    20180888
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - MAGYAR TELEKOM BROADBAND NETWORK EXPANSION
    Publication Date
    21 Dec 2023
    Document language
    Main Topic
    Lending
    Document Number
    172474841
    Document Focus
    Environmental Information
    Project Number
    20180888
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

    News & Stories

    Link to source

    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.

    Related publications