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    Reference: 20200946
    Release date: 30 July 2021

    Promoter – Financial Intermediary




    The project relates to the modernisation and expansion of one of the biggest mobile tower networks in Italy owned by a recently created tower company, the Promoter. The network is composed of steel towers and rooftop sites and it hosts the radio and transmission equipment of several mobile network operators (MNOs) as well as Fixed Wireless Access operators. While the network expansion through new sites will enable a wider coverage particularly for 5G services, the installation of specialised active equipment will increase the indoor mobile network's coverage in challenging locations such as department stores, historic towns, public places as well as in high streets. The tower network will also host increasingly Fixed Wireless Access equipment to enable the fixed-line broadband coverage in less densely populated areas.


    The infrastructure deployed as a result of the project will be crucial to expand the coverage and capacity of mobile broadband networks in Italy, by enabling the rollout of additional base stations in poorly covered areas and the densification of the existing networks in urban areas especially in hot spots, with a view on supporting the ongoing rollout of 5G networks.


    • Telecom - Information and communication

    Proposed EIB finance (Approximate amount)

    EUR 250 million

    Total cost (Approximate amount)

    EUR 524 million

    Environmental aspects

    The installation of mobile telecommunication networks does not fall under Annex I nor II of the EIA Directive. Therefore neither an environmental impact assessment (EIA) nor a screening will be needed as per Directive 2014/52/EU amending the EIA Directive 2011/92/EU. The project includes a small number of new towers. The equipment will also need to comply with the low Italian emission levels. Therefore the project is not expected to have a particular negative residual environmental impact. Nevertheless, the environmental details including the CO2 footprint (if needed) and other impacts will be assessed during the appraisal.


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


    Signed - 3/08/2021


    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