EIB SOUTHERN ITALY BROADBAND LOAN
October 1st, 2005
BY KEITH NUTHALLTHE EUROPEAN Investment Bank (EIB) is planning to lend Telecom Italy Euro 700 million to roll out advanced broadband services in the comparatively impoverished south of the country. The money would help fund the establishment of new business broadband services and expand existing consumer broadband services' (xDSL) geographical coverage and performance. It will also fund the reinforcement of the region's optical fibre backbone and access network. Telecom Italia plans to spend a total of Euro 1.8 billion on the project, which would, said an EIB ...
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