ANNOUNCEMENT 02 Oct 2017

On 02 October 2017, the EIB provided financing worth EUR 115 million (USD 135 million).

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

EIB, Project financing summary, 'Ewe Tel Fibre Network Northwest Germany', 02 October 2017.
https://www.eib.org/en/projects/loans/all/20170010

EIB, Project summary, 'Ewe Tel Fibre Network Northwest Germany', 02 October 2017.
https://www.eib.org/en/projects/pipelines/all/20170010

EIB, Financed projects list
https://www.eib.org/en/projects/pipelines/index.htm?q=&sortColumn=projectStatusDate&sortDir=desc&pageNumber=0&itemPerPage=25&pageable=true&language=EN&defaultLanguage=EN&yearFrom=2017&yearTo=2017&orCountries.region=true&orCountries=true&orSectors=true&orStatus=true

Inception date: 02 Oct 2017 | Removal date: open ended

State loan

On 02 October 2017, the European Investment Bank (EIB) and Ewe AG signed an agreement worth EUR 115 million (approx. USD 135 million) for the project Ewe Tel Fibre Network Northwest Germany from Germany. The total cost of the project is estimated at EUR 234 million.

According to the project description issued by the EIB, The project concerns the first rollout phase (2017 to 2020) of a fibre based broadband access network in the German federal state of Lower Saxony. During this period about 240 000 additional households will get access to Ultra High speed broadband services (> 100 Mbps). The entire rollout programme aims at connecting about 1 m households over a period of 10 years..

The objective of the project is defined as following: In the first phase of the rollout, a significant amount of households is intended to obtain access to ultra-high speed broadband services (> 100 Mbps). The entire rollout programme aims at connecting one million households over a period of 10 years..

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.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A