EXATEL S.A.

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 31343

Status Complete

Location

Poland

Business Sector

Notice Type

Private

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Project ID 31343

Status Complete

Location

Poland

Business Sector

Notice Type

Private

Environmental Category

Approval Date

17 Dec 2002

Disclosure date

01 Nov 2002

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

Project Description

The Bank is proposing to finance part of a PLN 420 million senior debt facility in favour of Tel-Energo S.A., a leading alternative telecoms operator in Poland.

The transaction will allow Tel-Energo S.A. to consolidate its existing financing and raise additional loan funds from the syndicated debt market. The proceeds of the loan will be used to refinance all existing indebtedness of the company and provide funds for further development of its network in Poland and for the acquisition of telecoms companies in Poland.

Transition Impact

The transition impact of the project will derive from the ongoing development of competition in the Polish telecoms market. The financing package constitutes a part of a plan that could result in the privatisation of Tel-Energo S.A. in the medium term.

The Client

Tel-Energo SA is a leading player in the Polish telecommunications market, operating the country’s second-largest backbone and access network. The Company is 75% owned by Polskie Sieci Elektroenergetyczne SA.

EBRD Finance

The EBRD will act as a senior lender in a proposed financing package that consists of an EBRD senior convertible loan and a senior parallel loan from Raiffeisen Bank Polska S.A., Kredyt Bank Polska S.A. and Nordea Bank Polska S.A. The amount is confidential pending negotiations.

Project Cost

Up to PLN 420 million (€105 million equivalent)

Environmental Impact

The project was screened B/0, requiring an environmental analysis of Tel-Energo's environmental, health and safety policy and practice. The analysis examined the environmental issues associated with construction and operations, public participation, nature protection, use and disposal of hazardous materials and obsolete equipment and health and safety. Tel-Energo S.A. has all necessary permits for their current operation in place. All other permits required for the expansion of their operation will be obtained as the project progresses. The analysis also confirmed that all construction plans, including siting and disposal of potentially hazardous materials, worker health and safety, will be undertaken in accordance with relevant EU, national and local legal requirements.

Technical Cooperation

None.

Company Contact

Transition impact

ETI Score:75

PSD last updated

01 Feb 2019

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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