Information and Communication Technologies
27 Apr 2004
26 Mar 2004
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.
Transition impact can be seen in the following:
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.
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.
A strong demonstration effect by providing long term financing to a company with good corporate governance in the sector in Serbia and encouraging entrepreneurship
Strengthening of the practice strictly adhered to by SBB of paying for all of its content and ensuring proper licensing of all the channels
Successful incorporation and turnaround of acquired companies.
SBB d o.o., the largest Serbian cable network operator supplying TV and Internet services throughout Serbia.
Up to € 15 million senior loan, Up to € 2 million equity.
€ 30 million.
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.
Victoria Boklag, Deputy CEO,
Tel: +381 (11) 303 3215
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