Release date: 27 July 2023
Promoter – Financial Intermediary
CELLNEX TELECOM SALocation
Description
The project concerns new mobile network towers and rooftop sites for mobile broadband base stations, as well as site upgrades to host more than one mobile operator. It also covers very high capacity links to connect the towers to the operators' core networks, distributed antenna systems to massively increase network capacity in traffic hotspots and energy efficiency. Additionally, it includes renewable energy investments to save costs and reduce greenhouse gas emissions.
Additionality and Impact
The infrastructures deployed as a result of the project will be crucial to expand the coverage and capacity of the mobile broadband networks in the respective markets. The project will enable the roll out of new base stations in rural areas and the densification of the existing networks in urban areas especially in hot spots, with a view on supporting the ongoing rollout of 5G networks. Accordingly, the project is fully in line with the "EU Digital Compass 2030", stating that by 2030 all EU households should have Gigabit connectivity.
The project will furthermore enable improved access to innovative broadband services and thereby support the transition into a more service-based economy for the areas covered. Finally, the project will reduce the digital divide within the markets where it is operating.
EIB will support the company with access to long-term financing combined with customised and flexible financial terms and conditions, which better mirror the economic life of its investments. In addition, the EIB loan will provide a signalling effect on the soundness and quality of the project and the promoter, which expects to speed up the crowding-in of other commercial and public lenders.
Objectives
The infrastructure investments will be crucial to expand the mobile broadband networks coverage and capacity in the respective markets. By enabling the rollout of new base stations in rural areas and the densification of the existing networks in urban areas, the project aims to support the ongoing rollout of 5G networks.
Comments
N/A
Sector(s)
- Telecom - Information and communication
Proposed EIB finance (Approximate amount)
EUR 315 million
Total cost (Approximate amount)
EUR 631 million
Environmental aspects
The construction of mobile network infrastructure will be carried out in compliance with the corresponding building codes and permit requirements. The related footprint is usually small and potential impacts are limited to noise and dust during the construction period. Where and if applicable, the requirements of the Environmental Impact Assessment (EIA) Directive 2011/92/EU (as amended by Directive 2014/52/EU), Birds Directive 2009/147/EC and Habitats Directive 92/43/EEC (to be completed as relevant/applicable) will be verified during appraisal.
Procurement
The promoter has been assessed by the EIB as being a private company not being subject to EU rules on public procurement or concessions. However, if at the project appraisal, the EIB were to conclude that the promoter is subject to the EU public procurement legislation then EIB would duly inform the European Commission, requiring the promoter to apply those rules.
Status
Signed - 24/07/2023
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).