VIP-NET II

Location:

Croatia

Project number:

16040

Business sector:

Information and Communication Technologies

Notice type:

Private

Environmental category:

B

Target board date:

01 May 2001

Status:

Completed

PSD disclosed:

23 Jan 2002

Project Description

The proposed project consists of the construction and operation of the second national GSM network in Croatia under the terms of the licence granted by the Ministry of Maritime Affairs, Transport and Communications. The project will contribute to the development of an essential, efficient, reliable and user-oriented telecommunications infrastructure in Croatia. The proceeds will be used for the construction and operation of the network.

Transition Impact

The project will assist the reform and liberalisation process of the Croatian telecommunications sector by strengthening effective competition in the mobile communications market. It will have a strong demonstration effect for foreign and local investors by attracting additional foreign capital into Croatian telecommunications.

The Client

VIP-Net GSM d.o.o. is a Croatian limited liability company incorporated in October 1998. Following an international tender, the company was awarded the second national GSM licence in Croatia on 30 October 1998. Its shareholders are Western and Croatian companies. The key sponsors are Mobilkom Austria AG (66 per cent) and Western Wireless Corporation (19 per cent).

EBRD Finance

The EBRD would increase its existing €22.4 million loan to VIP-Net by up to €10 million as part of an additional €50 million loan facility. Nordic Investment Bank and a syndicate of commercial banks will provide the remainder of this financing. The financing is arranged by Bank Austria Creditanstalt AG.

Project Cost

€396 million.

Environmental Impact

 

Technical Cooperation

None.

Company Contact

 

Business opportunities

For business opportunities or procurement, contact the client company.

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Text of the PIP

Project Complaint Mechanism (PCM)

The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.

Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (pcm@ebrd.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.