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    Reference: 20150189
    Release date: 28 September 2015

    Promoter – Financial Intermediary

    TELECOM ITALIA SPA

    Location

    Description

    Financing the accelerated investment plan of Telecom Italia for next generation networks.

    Objectives

    The project concerns the rollout of a new broadband access network (combined fibre and copper solutions) in order to provide ultra-high-speed broadband services in Italy. In total it is planned to increase the network reach by about 7m households and to increase the population coverage by 32% to 60% of all Italian households. About 30% of the investment will be dedicated to the Mezzogiorno region.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 500 million

    Total cost (Approximate amount)

    EUR 1808 million

    Environmental aspects

    Investments in fixed telecommunications projects (mainly civil works for urban underground copper/fibre roll-out) do not fall under Annex I or II of Directive 2011/92/EU. The related works typically have limited residual environmental effects as they are mainly carried out in urban areas alongside roads.
    Full environmental details will be assessed during appraisal, including the possible impact on protected flora and fauna (Habitats 92/43/EEC and Birds 79/409/EEC).

    Procurement

    Procurement is expected to be in line with EIB guidelines for private sector projects. The Bank's services will verify details during the project's due diligence.

    Status

    Signed - 14/12/2015

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Italy Telecom