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Signature(s)

Amount
€ 150,000,000
Countries
Sector(s)
Estonia : € 12,000,000
Finland : € 138,000,000
Telecom : € 150,000,000
Signature date(s)
6/10/2015 : € 12,000,000
6/10/2015 : € 138,000,000
Link to source
Data sheet

Summary sheet

Release date
18 May 2015
Status
Reference
Signed | 06/10/2015
20120042
Project name
Promoter - financial intermediary
ELISA 4G
ELISA OYJ
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 150 million
EUR 306 million
Location
Sector(s)
Description
Objectives

The project entails large scale roll-out of the promoter’s 4th generation (4G) LTE mobile networks in Finland and Estonia as well as expansion of the 3rd generation (3G) HSPA networks to cover the remaining most rural areas of the countries. The project also includes the promoter’s investments to strengthen the backhaul and transmission networks to cope with the increasing data traffic, as well as investments into IT systems to improve overall quality of service.

Improve quality and availability of mobile services both in urban and rural areas, positively contributing to the promoter's competitiveness and improving access to consumers.

Environmental aspects
Procurement

The installation of mobile telecommunication networks do not fall under Annexes I and II of the EU Directive 2011/92/EC, and are therefore not subject to mandatory Environmental Impact Assessment. Such mobile telecommunication networks have limited residual environmental effects, apart from the visual impact of base station towers and the Electro Magnetic Field (EMF) radiation. Generally the impacts can be mitigated by appropriate construction and operation measures. Potential health risks from EMF radiation are still being studied at an international level, but in 2011 the WHO/International Agency for Research on Cancer (IARC) has classified such radiations as possibly carcinogenic to humans (Group 2B). There is no particular negative residual environmental impact expected.

Nevertheless full environmental details including the CO2 footprint (if needed) and the possible impacts on protected flora and fauna (Habitats 92/43/EEC and Birds 79/409/EEC Directives) will be assessed during the appraisal.

The promoter is a private company not operating in the utilities sector and not having a status of a contracting authority. Thus, it is not covered by the EU directives on procurement.

Link to source
Summary sheet

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) - ELISA 4G
Publication Date
3 Sep 2015
Document language
Main Topic
Lending
Document Number
61127551
Document Focus
Environmental Information
Project Number
20120042
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Completion Sheet (ESCS) - ELISA 4G
Publication Date
31 Jan 2018
Document language
Main Topic
Lending
Document Number
79461253
Document Focus
Environmental Information
Project Number
20120042
Sector(s)
Regions
Countries
Publicly available
Download now

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