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        FASTWEB HI-SPEED BROADBAND

        Signature(s)

        Amount
        € 350,000,000
        Countries
        Sector(s)
        Italy : € 350,000,000
        Telecom : € 350,000,000
        Signature date(s)
        2/09/2009 : € 350,000,000

        Summary sheet

        Release date
        23 February 2009
        Status
        Reference
        Signed | 02/09/2009
        20080658
        Project name
        Promoter - financial intermediary
        Fastweb Hi-Speed Broadband

        Fastweb S.p.A.

        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        Up to EUR 350 million.
        Approximately EUR 850 million.
        Location
        Sector(s)
        Description
        Objectives

        The project concerns investments in telecommunication infrastructure to provide high speed broadband services throughout Italy.

        The project contributes to the policy objective of furthering the “Information Society” through the competitive supply of advanced broadband services.

        Environmental aspects
        Procurement

        Investments in fixed telecommunications projects (including civil works investments for fiber roll-out and transmission systems) do not fall under Annex I or II of Directive 85/337/EEC as amended by Directives 97/11/EC and 2003/35/EC. Full environmental details will be assessed during appraisal, including the possible impacts on protected flora and fauna (Habitats 92/43/EEC and Birds 79/409/EEC).

        The promoter is a private company not operating in the Utilities sector, and is therefore not covered by the EU Directives on procurement. The procurement processes to be applied for project implementation will be assessed during appraisal.

        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).

        General enquiries and comments

        The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
        Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
        Alternatively, the EIB can be contacted through its external offices.
        Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

        Media enquiries

        Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

        Complaints mechanism

        Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

        Zero tolerance against fraud and corruption

        The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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