ANNOUNCEMENT 31 Oct 2010

In October 2010, the German Export Crediting Agency announced its support of an export project concerning the delivery of telecommunication equipment for the extension of network capacity and the improvement of network quality to the United Arab Emirates.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 31 Oct 2010 | Removal date: open ended

Trade finance

The export loan was announced in October 2010 and finances the delivery of telecommunication equipment for the extension of network capacity and the improvement of network quality ('Telekommunikationsausr?stungen zum Ausbau der Netzwerkkapazit?t und zur Verbesserung der Netzqualit?t') to the United Arab Emirates. The benefitting German exporter is Nokia Siemens Networks GmbH & Co. KG.

The German Eximbank only publishes value ranges for the projects it finances. The present project is in category 4. This category includes projects with a financing value between 101 and 200 million EUR. The GTA assumes the lower bound amount of the respective category, in this case 101 million EUR (141 million USD), as the conservative estimate of the project value.

The maturity of the loan will be 5 years. The financing institution is KfW IPEX-Bank GmbH, Frankfurt/Mayn.

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
N/A