📋 Tender Overview
Location: Greece
Project number: 53639
Business sector: Telecommunications, Media and Technology
Notice type: Private
Environmental category: B
EBRD Finance Summary: EUR 56,250,000.00
Total Project Cost: EUR 187,500,000.00
Project Description
The European Bank for Reconstruction and Development ("EBRD" or the "Bank") is supporting Greece's digital transition with a €150 million investment in Hellenic Telecommunications Organisation S.A. ("OTE" or the "Company") to support the implementation of an up to EUR 187.5 million investment programme for the deployment of fibre broadband infrastructure by 2027. The project is the first under the EBRD's Greek Recovery and Resilience Facility ("RRF") Co-Financing Framework implemented as part of the "Greece 2.0" National Recovery and Resilience Plan, funded by the European Union's NextGenerationEU programme. The €150 million loan consists of a €56.25 million tranche provided from the Bank's own resources and a €93.75 million tranche financed by the EU's RRF and channelled via the Greek Ministry of Finance, while the remaining €37.5 million of the investment are covered by OTE's own resources.
Project Objectives
The funds will enable OTE to finance part of its rollout of "fibre to the home" (FTTH) broadband infrastructure to approximately 371,000 households and businesses in 12 regions outside of Greece's major cities, improving access to connectivity and high-speed broadband, and promoting regional inclusion. The project aligns fully with the RRF digital transformation pillar, while FTTH technology is nearly 40 per cent more energy efficient than traditional copper network cabling technology (ADSL) per unit of data transmitted. The transaction will therefore lead to significant reductions in greenhouse gas emissions and contribute to the green transition of Greece's economy.
Transition Impact
ETI score: 68
The Transition Impact derives from the following transition qualities:
Competitive: By supporting improved access to modern ICT infrastructure and services in currently underserved areas promoting forward linkages
Green: By committing 100% of the Bank's financing towards GET eligible investments, resulting in reduced GHG emission compared to traditional copper network cabling.
Financing Sources:
2) European Commission (EU)
Rue de la Loi / Wetstraat, 170 - 1040 Brussels
Belgium
Tel: +32 2 295 38 44
https://ec.europa.eu/
