Original disclosure @ EBRD website
Updated in EWS Mar 24, 2023
Disclosed by Bank Sep 23, 2022
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As stated by the EBRD, the project is supporting Greece's digital transition with a EUR150 million investment in Hellenic Telecommunications Organisation S.A. 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 Co-Financing Framework implemented as part of the "Greece 2.0" National Recovery and Resilience Plan, funded by the European Union's NextGenerationEU programme.
As stated by the EBRD, 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.
From the EBRD's website:
Part of the Deutsche Telekom Group, Hellenic Telecommunications Organisation S.A. is the largest technology company in Greece. It offers a wide range of products and services, including fixed-line and mobile telephony, broadband services, pay television and integrated information and communications technology solutions.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Deutsche Telekom AG||Parent Company||Communications|
|-||-||-||-||Hellenic Telecommunications Organisation S.A.||Client||Communications|
Client - Hellenic Telecommunications Organisation S.A.:
Elisa Mylona - OTE Group Treasurer
Phone: +30 210 6118946
Address: 99 Kifissias Avenue, GR-15124 Marousi, Athens, Greece
ACCESS TO INFORMATION
You can request information by emailing: firstname.lastname@example.org or by using this electronic form: https://www.ebrd.com/eform/information-request
ACCOUNTABILITY MECHANISM OF EBRD
The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.
You can contact the PCM at: email@example.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en
You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html