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    Reference: 20190687
    Release date: 14 April 2020

    Promoter – Financial Intermediary

    D-ORBIT SPA

    Location

    Description

    The project concerns the development, assembly, testing and the launch of satellite subsystems and entire spacecrafts. The launch itself will be carried out by specialised launch service providers. The R&D programme includes the years from 2020 to 2023.

    Objectives

    This project will support the growth of the company and the development of its products and services also in new target markets.

    Sector(s)

    • Telecom - Information and communication

    Proposed EIB finance (Approximate amount)

    EUR 15 million

    Total cost (Approximate amount)

    EUR 51 million

    Environmental aspects

    The operation concerns the promoter's investments in technology and product development. Due to the nature of the operation (mainly R&D and innovative information technologies, sales and marketing investments), it does not fall under any annexes of the Directive 2014/52/EU amending the EIA Directive 2011/92/EU.

    Procurement

    The promoter has been assessed by the EIB as being a private company not being subject to EU rules on public procurement or concessions.

    Status

    Signed - 31/07/2020

    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