Release date: 5 March 2008
Promoter – Financial Intermediary
Telecom Italia S.p.A.Location
Description
The project consists of the investments relating to the expansion and modernisation of a mobile digital communication network in Brazil using 2G and 3G technologies.
Objectives
Contributing to
i) support EU presence in Latin America through Foreign Direct Investment,
ii) contribute to the economic development of Brazil and
iii) allow the transfer of European technology and know-how.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 200 million
Total cost (Approximate amount)
Up to EUR 1,450 million
Environmental aspects
In Europe, telecom activities do not fall under Annexes I and II of EU Directive 97/11/EC (concerning Environmental Impact Assessment requirements) and are subject only to national legislation. The promoter’s approach to visual and health impacts and its compliance with national and/or European/International regulations on environmental and social issues will be assessed during appraisal.
Procurement
The promoter is a private company providing its services in liberalized markets, and is therefore exempt from utility type regulations. During appraisal it will be assessed whether the procurement procedures followed by the promoter or its group appear fair, economically and technically effective, and in the interest of the project.
Status
Signed - 3/06/2008
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).