ANNOUNCEMENT 06 Aug 2019
In August 2019, the KfW IPEX-Bank announced providing financing to support the German company NetCologne's expansion and development of its broadband infrastructure.
NUMBER OF INTERVENTIONS
KfW IPEX-Bank, KfW IPEX-Bank finances broadband expansion in greater Cologne/Bonn, issued on 6 August 2019: https://www.kfw-ipex-bank.de/Presse/News/News-Details_534080-2.html
On 6 August 2019, the KfW IPEX-Bank announced providing financing to the German company NetCologne having a total value of EUR 45 million (approx. USD 50.4 million). The financing will support the company's development and expansion of its broadband infrastructure in the greater Cologne/Bonn area in Germany. Notably the company is a local TV, telephony, TV, internet and data service provider.
In this context, KfW clarified in a press release that: "In financing this project KfW IPEX-Bank is helping to expand the sustainable and digital infrastructure in greater Cologne/Bonn while also contributing to the progressive digitalisation of Germany.".
A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support granted here is discriminatory.