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    Signature(s)

    Amount
    € 400,000,000
    Countries
    Sector(s)
    Italy : € 400,000,000
    Telecom : € 400,000,000
    Signature date(s)
    30/11/2007 : € 200,000,000
    11/04/2008 : € 200,000,000
    Link to source

    Summary sheet

    Release date
    24 September 2007
    Status
    Reference
    Signed | 30/11/2007
    20050617
    Project name
    Promoter - financial intermediary
    Telecom Italia RDI

    Telecom Italia S.p.A. (TI), parent company of the Telecom Italia Group, provides fixed, mobile and internet telecom services primarily in Italy. It also has sizeable operations in other European countries and in South America.

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 350 million.
    EUR 535 million.
    Location
    Sector(s)
    Description
    Objectives

    The project concerns research, development and innovation (RDI) activities in TI’s facilities in Italy. The project implementation is planned for the period from 2007 to 2009.

    The project should assist the promoter to foster its R&D commitments in a key sector for the Information Society. The project will contribute to developing innovative IT infrastructure, hardware and software applications as well as facilitating improved Internet, multimedia and telecoms services.

    Environmental aspects
    Procurement

    Project activities do not fall under Annexes I or II of the EU EIA Directive 85/337/EEC, amended by directives 97/11/EC and 2003/35/EC and are subject only to national legislation. No particular negative impact on the environment is expected, as the project concerns mainly RDI activities like software and hardware development and process innovation, both carried out in already existing facilities.

    According to the new utility directive 2004/17/EC the Telecom sector is exempted from public procurement procedures due to its competitive nature. In addition, the RDI activities consist mainly in human capital expenditure consequently essentially determined by the promoter's recruitment policy, and external services' participation is limited for reasons of protection of competitiveness. To a limited extend some specialized equipment is procured.

    Link to source
    Summary sheet

    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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    Summary sheet

    General enquiries and comments

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    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.
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