Summary of Proposed Investment
Project Number
8135
Company Name
Orange Romania S.A.
Date SPI Disclosed
May 16, 1997
Country
Romania
Industry
Telecommunications and Technology
Status
Completed
Sector
Mobile Telephony
Department
TMT, Venture Capital & Funds
Environmental Category
B - Limited
Previous Events
Approved : Jun 30, 1997
Signed : Apr 23, 1998
Invested : Jun 24, 1998
Project Description
Summary Of Project Information (SPI)
| Project Name | Romania-Mobil Rom |
| Region | Europe |
| Sector |
Projected Board DateJune 25, 1997
Company NameMobil Rom
Technical Partner and/or Major Shareholders
France Telecom Mobiles International - 51%, the international cellular subsidiary of France Telecom, the main French telephone operator, and various local and international partners (49%).
Project Cost Including proposed IFC investment
Total project cost is estimated at US$290 million (over the 1997-1999 period). IFC would provide for its own account a US$40 million A Loan and a quasi-equity of US$10 million, and would syndicate a US$120 million B Loan.
Location of project and Description of site
Romania - countrywide cellular network.
Description of Company and Purpose of Project
Project involves the development, installation and operation of a nationwide GSM (Global System for Mobile Communications) cellular telephone network. Mobil Rom, a joint venture between France Telecom Mobiles International and various local and foreign partners, was recently awarded in a competitive bid one of two 10-year licenses to install and operate a digital cellular telephone system in Romania. The license requires the Company to build up, within a 5 year period, a nation-wide network providing coverage to 65% of the Romanian territory. Service is expected to start by mid 1997. This project would bring in modern technology and management systems as well as help upgrade the country’s communications infrastructure. The project would meet the urgent needs of the business community and households for more and better quality communications services.
Environmental Category and Issues
This is a category B project according to IFC''s environmental review procedure. Environmental issues associated with this project include: right-of-way alignment, tower site selection, PCB''s, halons, solid and liquid waste disposals. Occupational health and safety issues include fire prevention and general employee safety. It is anticipated that this project will not require new major rights-of-way and will make maximum use of existing structures in the location of the antennas.
The is May 20, 1997 from the Public Information Center.
| Date SPI sent to PIC | May 16, 1997 |
For Additional Information contact: Corporate Relations Unit -
telephone: (202) 473-7711
facsimile: (202) 974-4384
Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
Sponsor / Cost / Location
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