Turk Telekom

complete

The EBRD is considering providing a loan of up to €100 million to Türk Telekom, the incumbent operator and leading communication and convergence technology group in Turkey. The financing will be used to support the expansion of reach and capacity of Türk Telekom’s fixed broadband networks in the eastern provinces of Turkey which will allow the company to provide high-quality broadband internet services to its customers. The project will address the lack of sufficient broadband infrastructure and growing demand for broadband internet access from individuals and small and medium businesses in the remote regions of Turkey. Today, the fixed broadband penetration in these regions is still lagging behind the rest of the country due to limited investments in infrastructure from telecom operators. Improving the access to broadband internet, an important part of the essential information infrastructure, is crucial for the development of the knowledge-based economy in those remote regions and the country as a whole. Türk Telekom is the incumbent operator and leading communication and convergence technology group in Turkey. Türk Telekom and its subsidiaries provide integrated telecoms services from PSTN and GSM/3G to broadband internet. Up to €100 million senior unsecured loan. Total project costs amount to at least €176 million. The project was categorised “B” which means that an environmental and social analysis was required by the Bank, in accordance with the 2008 Environmental and Social Policy and Performance Requirements (706KB - PDF) (PRs). The project is unlikely to be associated with significant environmental and social impacts. The company has a public commitment to environmental sustainability and has established ISO 14001 in its regional directorate and related units. The company is also certified with OHSAS 18001 Occupational Health and Safety. The company's environmental and social risk management capacities and practices are in line with the PRs. The Company is required to implement the project in accordance with the PRs as well as to provide an annual environmental and social report to the Bank. None.