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Signature(s)

Amount
€ 700,000,000
Countries
Sector(s)
Italy : € 700,000,000
Telecom : € 700,000,000
Signature date(s)
3/08/2006 : € 350,000,000
25/11/2005 : € 350,000,000
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Summary sheet

Release date
12 October 2005
Status
Reference
Signed | 25/11/2005
20050209
Project name
Promoter - financial intermediary
Telecom Italia Banda-Larga Mezzogiorno
Telecom Italia SpA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 700 million.
The project cost is expected to be in the range of EUR 1,800 million.
Location
Sector(s)
Description
Objectives

The project consists of investment to modernise the promoter’s telecommunications infrastructure to provide advanced broadband services in the south of Italy, the so-called Mezzogiorno regions of the country, in 2005-2007. It comprises the roll-out of new business broadband services, the further expansion of existing consumer broadband services (xDSL) in terms of geographical coverage and performance, and the reinforcement of the optical fibre backbone and access network to enable future growth based on advanced broadband services.

To expand broad-band telecoms service throughout the southern regions of Italy, this in order to lessen the risk of an emerging digital divide.

Environmental aspects
Procurement

The applicable EU Directive (1997/11/EC) does not consider telecoms service provision as a sector for which an EIA is necessary (not included in Annexes I and II). No major adverse environmental impacts are expected since investments cover mainly upgrades or extensions of plant in existing premises. Minor impacts may result from installation of new cable ducts and equipment shelters.

Telecommunications is considered a competitive market and has been excluded from the scope of the EU Directive concerning “utility” supply contracts (2004/17/EC). The promoter is expected to apply efficient procurement procedures which will be verified during appraisal.

Comments

Telecoms and internet access fixed-network 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).

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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.
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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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