Release date: 17 February 2021
Promoter – Financial Intermediary
SIGFOX SALocation
Description
The project concerns the Promoter's investments in research and development (R&D), network extension and growth. The investment programme will be carried out over the period 2018-2020 in France and to a lower extent Germany and Spain.
Objectives
With the implementation of the project, the Promoter plans to expand its Internet of Things (IoT) network and conduct R&D activities to further develop and commercialise its product offering.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 40 million
Total cost (Approximate amount)
EUR 98 million
Environmental aspects
The installation of mobile telecommunication networks does not fall under Annexes I and II of the EU Directive 2011/92/EC, and is therefore not subject to a mandatory environmental impact assessment (EIA). Mobile telecommunications systems have limited environmental effects, apart from the visual impact of base station towers and electromagnetic fields (EMF) radiation. The research, development and innovation (RDI) activities are expected to be carried out in existing facilities that are already used for the same purposes and which are not expected to change their scope due to the project. An environmental impact assessment is therefore not needed as per EIA Directive 2011/92/EU.
Procurement
The Promoter appears to be a private company not operating in the utilities sector and not having a status of a contracting entity. Should this be the case, the Promoter would not be subject to EU rules on public procurement.
Status
Signed - 19/12/2018
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).