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Signature(s)

Amount
€ 23,500,000
Countries
Sector(s)
Ireland : € 23,500,000
Telecom : € 23,500,000
Signature date(s)
18/07/2019 : € 11,750,000
18/07/2019 : € 11,750,000
Link to source

Summary sheet

Release date
14 March 2019
Status
Reference
Signed | 18/07/2019
20180575
Project name
Promoter - financial intermediary
CUBIC TELECOM (EGFF)
CUBIC TELECOM LTD
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 24 million
EUR 47 million
Location
Sector(s)
Description
Objectives

The project will support the company's network expansion and the development of its connectivity management platform through investments in research and development (R&D).

The project will help the promoter achieve its objective of enhancing its connectivity services and analytics platform to address the evolving needs of the automotive market and the wider IoT (Internet of Things) ecosystem.

Environmental aspects
Procurement

The project activities do not fall under Annexes I and II of the Environmental Impact Assessment (EIA) Directive 2014/52/EU amending Directive 2011/92/EU, and are therefore not subject to a mandatory EIA. The activities included in the scope of the project will be performed in existing buildings and are not expected to have any relevant environmental impact. The Bank's Services will review during the project appraisal any other environmental details of the project.

The promoter has been assessed by the EIB as being a private company not being subject to EU rules on public procurement or concessions. However, if after the project appraisal the EIB were to conclude that the promoter is after all subject to EU public procurement legislation, then the Bank would require the promoter to ensure that contracts for the implementation of the project have been/will be tendered in accordance with the relevant applicable EU procurement legislation.

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).

Documents

Environmental and Social Completion Sheet (ESCS) - CUBIC TELECOM (EGFF)
Publication Date
31 Dec 2023
Document language
Main Topic
Lending
Document Number
181456699
Document Focus
Environmental Information
Project Number
20180575
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Data Sheet (ESDS) - CUBIC TELECOM (EGFF)
Publication Date
1 Jan 2024
Document language
Main Topic
Lending
Document Number
90598001
Document Focus
Environmental Information
Project Number
20180575
Sector(s)
Regions
Countries
Publicly available
Download now
scoreboard - EUROPEAN GROWTH FINANCE FACILITY
Publication Date
13 Sep 2019
Document Language
English
Main Topic
lending
Document Number
122912044
Document Focus
EFSI legal requirements
Document Type
Scoreboard
Project Number
20180667
Last update
19 Aug 2020
Sector(s)
Services
Countries
Bulgaria, Kenya, Ghana, Mexico, Philippines
Publicly available
Download now

News & Stories

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.

Media enquiries

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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