Telecom Italia - R&D and services

Promoter – Financial Intermediary

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).

Location

• Italy

Description

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).

Objectives

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

Comments

R&D and telecoms and IT value-added services

Sector(s)

• Telecom

Proposed EIB finance (Approximate amount)

EUR 200 mio

Total cost (Approximate amount)

About EUR 1 000 mio

Environmental aspects

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.

Procurement

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.

Status

Signed - 30/12/2003