Release date: 31 October 2023
Promoter – Financial Intermediary
FIBRECONNECT SPALocation
Description
The project concerns the rollout of a FTTH broadband network in Italy. The implementation will take place in the period 2023-2025.
Additionality and Impact
The project contributes to the Public Policy Goal Innovation, Digital and Human Capital (Digital Infrastructure) and horizontal objective Economic and Social Cohesion. The project will lead to the deployment of innovative and secure telecommunication technologies and thus generate positive externalities by enabling more users to benefit from improved and safe access to advanced broadband services and fostering innovation throughout different sectors of the economy. This provides basis for enhanced productivity and competitiveness leading to economic returns to society that exceed those to the private investor.
EIB financing shall help to diversify borrower's capital structure and so raise its profile with other financial institutions. The pricing advantage offered by EIB shall reduce the company's interest expense therefore allowing for greater proportion of its revenues to be directed to the network roll out.
Objectives
The aim is to deploy and operate a fibre optic network connecting business areas of Italy on a wholesale basis. This will bring a significant uplift in the provision of broadband services on an open access basis. The long-term target is to connect industrial premises with very high capacity broadband access line.
Sector(s)
- Telecom - Information and communication
Proposed EIB finance (Approximate amount)
EUR 50 million
Total cost (Approximate amount)
EUR 104 million
Environmental aspects
Investments in fixed telecommunications projects (mainly civil works for fibre rollout) do not fall under the Annexes of the Environmental Impact Assessment (EIA) Directive 2014/52/EU amending Directive 2011/92/EC. The related works have limited environmental effects, apart from disturbances during civil work constructions, which can be mitigated by appropriate measures.
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 - 20/06/2024
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).