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    Reference: 20180857
    Release date: 1 August 2019

    Promoter – Financial Intermediary

    BITMOVIN GMBH

    Location

    Description

    The project will support Bitmovin's investments in Austria. The company is an Austria based end-to-end video infrastructure provider delivering adaptive video experience through a software decoupled from hardware.

    Objectives

    The aim is to finance research, development and innovation (RDI) activities, working capital to scale up and build a distribution networks, well as marketing and sales expenditures in support of its market expansion.

    Sector(s)

    • Telecom - Information and communication

    Proposed EIB finance (Approximate amount)

    EUR 20 million

    Total cost (Approximate amount)

    EUR 44 million

    Environmental aspects

    The RDI activities take place in existing locations without environmental impacts and do not require any environmental authorisations.

    Procurement

    The Company is a private sector company not operating in the utilities sector and not having a status of a contracting authority. Thus, it is not covered by the EU Public Procurement Directives. Nevertheless, the procurement policies and the supply management characteristics as presented to the EIB are considered acceptable.

    Status

    Signed - 20/05/2019

    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

    Austria Telecom