Financed ProjectsAvea GSM Network Development

Identification Code:

OP/06/0585

Total Operation Cost:

1.949.000.000

Maturity:

108 months

Operation Status:

Description and Purpose of the Operation:

BSTDB participates in a long-term senior syndicated debt facility to Avea to finance the company’s activities for further development of a nationwide GSM-based wireless telecommunication network and its support infrastructure.

Countries of Operation:

Türkiye (100,00 %)

Financial Product:

Loans

Sector:

Telecommunication Services

Domain:

Private

Borrower/Client:

Avea Iletisim Hizmetleri A.S

Co-Financiers/Participants:

Guarantors/Sponsors:

IFIs: IFC, PROPARCO, DEG, FMO ABN-AMRO Bank N.V. - London Branch, ABN-AMRO Bank N.V. - Stockholm Branch, T. Garanti Bankasi A.S. /N.V. - Luxembourg Baranch, Deutsche Investitions Und ENTWICKLUNGSGESELLSCHAFT MBH, SACE SPA - SERVICI ASSICURATIVI DEL COMMERCIO ESTERO

Developmental and Regional Cooperation Impact:

With this loan, BSTDB is supporting the development of a high-quality telecom network in Turkey with a focus on serving rural and other underserved areas. The operation has a high economic development impact and job creation potential.

Environmental Classification and Impact (summary):

According to the BSTDB screening categories, the project has been screened as B0, meaning that a full Environmental Assessment is required, and no Environmental Audit. Environmental Assessment is needed because a limited number of specific Environmental, Health & Safety (EH&S) impacts may result, which can be avoided or mitigated by adhering to generally recognized performance standards, guidelines and design criteria. Environmental Audit was deemed unnecessary due to the fact that the Borrower has made available to the Bank up-to-date and comprehensive information on environmental implications of its activities. The project meets all Turkish and lender’s environmental, health and safety standards.

Operation Leader:

Energy & Infrastructure

E-mail:

ei@bstdb.org