Release date: 25 May 2016
Promoter – Financial Intermediary
DEUTSCHE TELEKOM AGLocation
Description
The project concerns investments in the expansion and modernisation of the promoter's mobile 3G/4G broadband network. The objective is to create a more competitive network with increased network coverage and more capacity for a wider provision of advanced mobile data services in Germany. The operation will be implemented in the years 2016 to 2017.
Objectives
After the project implementation the promoter will be able to provide 4G-based services on a very wide network footprint; the network should be also strong enough to cope with the expected high network growth. Telecommunications has the widely reported direct and indirect effect of increasing growth and creating high-quality, innovation-based employment.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 500 million
Total cost (Approximate amount)
Not disclosed.
Environmental aspects
The installation of mobile telecommunication networks does not fall under either Annex I or II of Directive 2011/92/EU as amended, and is therefore not subject to mandatory environmental impact assessment. There is no particular negative residual environmental impact expected.
Procurement
The promoter is a private company not operating in the Utilities sector and not having the status of a contracting authority. Therefore it is not covered by EU directives on procurement.
Status
Signed - 27/06/2016
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).