Release date: 25 May 2005
Promoter – Financial Intermediary
Telecom Italia SpALocation
Description
The proposed operation concerns the promoter’s investments in research and development in the 2005-2007 period.
Objectives
To undertake R&D activity for innovative broadband telecommunications applications for both fixed and mobile platforms as well as for innovation of IT products.
Comments
Telecoms & IT R&D activity
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 400 million
Total cost (Approximate amount)
The project cost is expected to be in the region of EUR 600 million
Environmental aspects
Since the project concerns mainly the purchase of IT hardware and software development in existing facilities, no negative environmental impact is expected.
Procurement
The promoter operates in a fully competitive market and is thus not bound by EU Directive 93/38/EEC (see also EC Commission Communication 2004/C 115/03), concerning supply contracts. All civil works and equipment will be procured following national and international enquiries among the most qualified contractors and suppliers.
Status
Signed - 21/07/2005