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Project number:


Business sector:

Information and Communication Technologies

Notice type:


Environmental category:


Approval date:

24 Jul 2007



PSD disclosed:

14 Aug 2007

Project Description

The proposed project is a EUR 22.3 million investment in Oisiw which, together with other co-investors in the Fund, is to provide additional co-investment financing alongside Sigma Bleyzer Southeast European Fund IV for capital expenditure to improve telecoms and media infrastructure in Ukraine.

Transition Impact

The project focuses on private sector development in the telecoms and media industry sector, increasing competition, efficiency and delivery of service. An improved product offering and lower prices will be provided for improved electronic communications in the regions.

The Client

The beneficiary company is Oisiw Limited a Cypriot special purpose co-investment vehicle to invest alongside and be managed by Sigma Bleyzer Southeast European Fund IV.

EBRD Finance

EUR 22.3 million equity investment along-side other equity co-investors and limited partners associated with Sigma Bleyzer Southeast European Fund IV.

Project Cost

Up to EUR 200 million.

Environmental Impact

Screened C/1. Environmental due diligence is currently being carried out for the Client while the Project is unlikely to be associated with any significant environmental impacts. The Client will be required to comply with national and EU environmental, health, safety and labour standards and requirements and to submit annual reports on environment, health, safety and labour issues as well as submission of Annual Environmental Report to the Bank.

Technical Cooperation


Company Contact

Joshua Ballard

Phone : +1 713 621 3111
Email :


Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168

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

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