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Image header Agence Europe
Europe Daily Bulletin No. 9558
Contents Publication in full By article 39 / 41
GENERAL NEWS / (eu) eu/eib

EIB supports Telecom Italia investments in Italy and in Germany

Luxembourg, 05/12/2007 (Agence Europe) - The European Investment Bank (EIB), the EU's financing institution, is supporting Telecom Italia (TI) group's investments in Italy and Germany with two loans for a total of €382 million. A first tranche of €200 million of a total approved loan of €400 (“Telecom Italia RDI loan”) is aimed at research, development and innovation (RDI) activities carried out by TI in Italy. A €182 million loan will support the investments made by TI's fully owned German subsidiary HanseNet Telekommunikation GmbH (HanseNet) to finance the migration of
recently acquired customers (Internet Service Provider AOL) and the necessary network and support system expansions. (O.L.)

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€ VALUE IN DIFFERENT CURRENCIES ON 05/12/2007: