ANNOUNCEMENT 26 Nov 2013

On 26 November 2013, the EIB provided financing worth EUR 408 million (USD 551 million).

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 26 Nov 2013 | Removal date: open ended

State loan

On 26 November 2013, the European Investment Bank (EIB) and Vodafone Uk Ltd signed an agreement worth EUR 408 million (approx. USD 551 million) for the project Vodafone Mobile Uk from United Kingdom. The total cost of the project is estimated at EUR 968 million.

According to the project description issued by the EIB, The project concerns the expansion of 3G technology-based mobile broadband telecommunications network and its upgrading to HSPA+ (Evolved High Speed Packet Access) together with the roll-out of a new 4G LTE (Long Term Evolution) network throughout the UK. The project, to be implemented from April 2013 until March 2015, provides a combined 3G<E coverage to 76% of the population and the roll out of the 3G technology in the 900 Mhz spectrum. The project also includes the related investments in t.

The objective of the project is defined as following: The project concerns the expansion of 3G technology based mobile broadband telecommunications network and its upgrading to HSPA+ (High Speed Packet Access) together with the roll-out of a new 4G LTE (Long Term Evolution) network throughout the country in the UK. The project, to be implemented from April 2013 until March 2015, is planned to provide a combined 3G<E coverage and to roll-out the 3G technology in the 900Mhz spectrum. The project also includes the related investments in the transmission and core components of the network..

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

 
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AFFECTED PRODUCTS

 
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