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    Reference: 20120594
    Release date: 11 March 2013

    Promoter – Financial Intermediary

    FASTWEB SPA

    Location

    Description

    Roll-out of the capacity expansion of the promoter's high speed broadband network and of a new very-high-bit-rate digital subscriber line (VDSL2) based network throughout Italy. The project is planned to be implemented from beginning 2013 until the end of 2015.

    Objectives

    The project will assist in providing ultra-high speed fixed broadband services, as an alternative to and in competition with the incumbent fixed line operator and other existing broadband platforms, both fixed and mobile in Italy. Accordingly, the project is in line with the Europe 2020 Strategy to foster smart growth and develop an economy based on knowledge and innovation.

    Comments

    Sector(s)

    • Telecom - Information and communication

    Proposed EIB finance (Approximate amount)

    EUR 300 million

    Total cost (Approximate amount)

    EUR 831 million

    Environmental aspects

    Investments in fixed telecommunication projects (mainly civil works for fibre roll-out) do not fall under the EIA Directive 2011/92/EC. The related works have limited environmental effects, apart from disturbances during civil work construction, which can be mitigated by appropriate measures. Full environmental details will be assessed during appraisal.

    Procurement

    The promoter is a private company not operating in the Utilities sector, not having a status of a contracting authority and is thus not covered by EU Directives on procurement.

    Status

    Signed - 20/08/2013

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Italy Telecom