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OTE RRF (project Syndesis)

Sector: Metal • Location: Greece

Source: European Bank for Reconstruction and Development (EBRD)

Project
Disbursing

The European Bank for Reconstruction and Development ("EBRD" or the "Bank") is supporting Greece's digital transition with a €150 million investment in Hellenic Telecommunications Organisation S.A. ("OTE" or the "Company") to support the implementation of an up to EUR 187.5 million investment programme for the deployment of fibre broadband infrastructure by 2027. The project is the first under the

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The project “OTE RRF (project Syndesis)” is an infrastructure initiative in the Metal sector, located in Greece. Taiyo aggregates data on it from European Bank for Reconstruction and Development (EBRD).

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Participants

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disbursing

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Description

Description

The European Bank for Reconstruction and Development ("EBRD" or the "Bank") is supporting Greece's digital transition with a €150 million investment in Hellenic Telecommunications Organisation S.A. ("OTE" or the "Company") to support the implementation of an up to EUR 187.5 million investment programme for the deployment of fibre broadband infrastructure by 2027. The project is the first under the EBRD's Greek Recovery and Resilience Facility ("RRF") Co-Financing Framework implemented as part of the "Greece 2.0" National Recovery and Resilience Plan, funded by the European Union's NextGenerationEU programme. The €150 million loan consists of a €56.25 million tranche provided from the Bank's own resources and a €93.75 million tranche financed by the EU's RRF and channelled via the Greek Ministry of Finance, while the remaining €37.5 million of the investment are covered by OTE's own resources.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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