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Signature(s)

Amount
€ 150,000,000
Countries
Sector(s)
Italy : € 150,000,000
Telecom : € 150,000,000
Signature date(s)
30/12/2003 : € 150,000,000
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Summary sheet

Release date
17 July 2002
Status
Reference
Signed | 30/12/2003
20020182
Project name
Promoter - financial intermediary
Telecom Italia - R&D and services
Telecom Italia group subsidiaries specialised in R&D activities (TI LAB) and the provision of multi-media (SEAT) and IT services (FINSIEL and IT Telecom).
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 200 mio
About EUR 1 000 mio
Location
Sector(s)
Description
Objectives

Telecom Italia group subsidiaries specialised in R&D activities (TI LAB) and the provision of multi-media (SEAT) and IT services (FINSIEL and IT Telecom).

To modernise existing resources and to prepare for future business expansion.

Environmental aspects
Procurement

Since the project concerns mainly the purchase of IT hardware and software development, to be carried out in already existing facilities, no negative environmental impact is expected.

Purchase of equipment will be via international enquiry among the most qualified suppliers, and research and development work will be negotiated within each Telecom Italia subsidiary.

Comments

R&D and telecoms and IT value-added services

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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).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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