Project description
and objectives:
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The proposed project includes a loan to SBB for up to € 18.5 million as well
as an equity investment up to € 2 million. This will allow the company to
significantly expand its network throughout Serbia, introduce new services
and make broadband internet access available throughout the network.
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Transition impact:
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Transition impact can be seen in the following:
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Increasing competition in the various segments of cable TV, internet access
and telecommunications by providing higher quality products to a growing
number of consumers at competitive prices.
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Market expansion in other sectors as a result of provision of a competitive
internet and data access package to customers who do not have a reliable
broadband internet access option.
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A strong demonstration effect by providing long term financing to a company
with good corporate governance in the sector in Serbia and encouraging
entrepreneurship
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Strengthening of the practice strictly adhered to by SBB of paying for all of
its content and ensuring proper licensing of all the channels
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Successful incorporation and turnaround of acquired companies.
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The client:
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SBB d o.o., the largest Serbian cable network operator supplying TV and
Internet services throughout Serbia.
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EBRD finance:
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Up to € 15 million senior loan, Up to € 2 million equity.
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Total project cost:
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€ 30 million.
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Environmental impact:
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The project was screened C/1 requiring an corporate audit of SBB’s operations
which was carried out using the Bank’s Corporate Environmental Due Diligence
Questionnaire for Cable Companies. The Project is unlikely to involve
significant environmental impacts. Potential environmental issues are likely
to be associated with construction and installation works, the new right-of
–way alignment, land acquisition, storage and handling of hazardous materials,
general waste management and general worker health and safety issues. The
Project will be required to meet national and EU EHS standards and
requirements and local and national public consultation requirements. The
Bank’s environmental monitoring will be carried out through Annual
Environmental Report.
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Technical
cooperation:
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None.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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Victoria Boklag, Deputy CEO,
Tel: +381 (11) 303 3215
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EBRD contact:
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Chris Taubman, Operation Leader: taubmanc@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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