PROJECT

Projects

Environmental Review Summary

Project Number

11726

Company Name

AVEA ILETISIM HIZMETLERI ANONIM SIRKETI

Date ERS Disclosed

Nov 11, 2004

Country

Turkiye

Region

Central Asia and Turkiye

Environmental Category

B - Limited

Status

Completed

Previous Events

Approved : Dec 16, 2004
Signed : Mar 10, 2006
Invested : Mar 30, 2006

Sector

Mobile Telephony

Industry

other

Department

WBG Digital and AI

Project Description

In February 2004, Aria, the third largest mobile telephone operator in Turkey, owned by Telecom Italia Mobile and the Is Bankasi Group, merged with Aycell, the fourth mobile telephone operator, owned by Turk Telecom, to form Avea, a company with a nation wide GSM network. Avea’s license will end in October 2025, at which time it can be renewed or transferred to the Turkish State. The project financing will include the restructuring of Avea’s existing debt, the funding of working capital requirements, and the integration, expansion and maintenance of the combined GSM network. Total project cost is estimated at $2.1 billion.

Environmental and Social

Conclusion & Monitoring