Project 3B


Bosnia and Herzegovina

Project number:


Business sector:

Information and Communication Technologies

Notice type:


Environmental category:


Approval date:

12 Jul 2011



PSD disclosed:

27 Apr 2011

Translated version of this PSD: Bosnian

Project Description

The EBRD is considering providing a A/B loan of up to EUR 25 million to finance the expansion of the client’s cable TV operations in Bosnia and Herzegovina, via acquisitions and capital expenditure in order to facilitate the client’s continued ability to provide cutting-edge cable TV and internet services to an increasing number of households across Bosnia and Herzegovina.

Transition Impact

The Project will lead to

(i) increasing competition in the provision of broadband services, currently dominated by three incumbent fixed-line operators; and

(ii) demonstration effects related to introduce market-leading business practices as well as a deeper penetration of the client’s cutting edge, customer focussed services across Bosnia and Herzegovina. The proposed acquisitions should allow faster regional expansion and set higher standards of business conduct in the cable TV sector by integrating smaller acquisition targets.

The Client

Telemach Bosnia d.o.o. (“Telemach”), is a company incorporated in Bosnia and Herzegovina. Telemach was established by Mid Europa Partners, the leading CEE private equity firm, as a platform for introducing cutting edge cable TV and broadband internet to the Bosnian market. Since its establishment in 2010, Telemach has made and continues to make, significant investments in order to provide an increasing variety and quality of home entertainment options to its subscribers.

EBRD Finance

EUR 25 million consisting of

  • EUR 12.5 million A-loan
  • EUR 12.5 million B-loan

Project Cost

EUR 38.2 million

Environmental Impact

Categorised B. The company’s environmental, health & safety and Human Resources management are conducted by an entity, based in Slovenia, who is known to EBRD from the preceding projects. Their recent annual environmental and social report to the Bank for the preceding projects indicates their sound environmental, health & safety and HR management capacities. Furthermore, this type of cable TV operation is unlikely to be associated with significant environmental and social issues. For the upcoming project, the company is required to comply with the Bank’s environmental and social Performance Requirements (PRs). The Bank will monitor the company’s environmental and social performance through a review of an annual environmental and social report and site visit if deemed necessary.

Technical Cooperation


Company Contact


Tel: +387 33 756 518

Tanja Tatomirovic

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

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.

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