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Signature(s)

Amount
€ 400,000,000
Countries
Sector(s)
Romania : € 150,000,000
Türkiye : € 250,000,000
Telecom : € 400,000,000
Signature date(s)
4/03/2013 : € 100,000,000
20/12/2011 : € 150,000,000
20/12/2011 : € 150,000,000
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Summary sheet

Release date
12 September 2011
Status
Reference
Signed | 20/12/2011
20110325
Project name
Promoter - financial intermediary
Vodafone SEE Framework

Vodafone Telekomunikasyon AS and Vodafone Romana S. A.

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 500 million
To be determined during appraisal
Location
Sector(s)
Description
Objectives

The project concerns the rollout of mobile broadband services in Turkey and Romania. The new equipment is supposed to enable high speed wireless broadband services.

The investments should help to increase the quality and also the population coverage of mobile broadband services in both countries.

Environmental aspects
Procurement

Investments in mobile telecommunication projects (including investments in base stations, transmission systems and IT systems) do not fall under the European EIA Directives. Mobile telecommunication systems have limited environmental effects. Potential health risks from electromagnetic radiation are still under study at an international level. The visual impact of base station towers can be mitigated by appropriate construction and operation measures.
Full environmental details including the applicable Turkish legal framework will be assessed during appraisal, including the possible impacts on protected flora and fauna (Habitats 92/43/EEC and Birds 79/409/EEC Directives).

The promoter is a private company and operating in a competitive sector. Therefore he is not covered by the EU Directives on procurement (nor the EIB guide to procurement) for this planned investment program. The effectively used procurement procedures will be assessed during appraisal.

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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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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