TIM MOBILE NETWORK (EIB-20190241)

Countries
  • Italy
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Nov 25, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
TELECOM ITALIA SPA
The holder of the loan, grant, or other investment.
Sectors
  • Communications
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 385.37 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 385.37 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 350 million
Converted using 2019-11-25 exchange rate.
Project Cost (USD)
$ 879.75 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 799 million
Converted using 2019-11-25 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Dec 30, 2019

Disclosed by Bank Nov 25, 2019


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Project Description

According to EIB website, the project will finance an early deployment of 5G and the upgrade of the promoter's Italian mobile network with advanced 4G/LTE and 5G equipment. Through these measures, the mobile coverage with higher data rates will reach 99% of population, increase the network capacity to cope with the strong traffic growth and allow for top speeds up to 750 Mbps. At the same time, the investments are also facilitating the expansion of the commercial 5G broadband services across the country including Fixed Wireless Access solutions.

Investment Description
  • European Investment Bank (EIB)
Private Actors

Telecom Italia S.p.A., through subsidiaries, offers fixed line and mobile telephone and data transmission services in Italy and abroad. The Company offers local and long-distance telephone, satellite communications, Internet access, and teleconferencing services.

Contact Information

No contact information provided at the time of disclosure. 

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