Telecoms cables maker and energy group Prysmian has clinched a €100m (US$137m) loan facility from the European Investment Bank (EIB) to fund its development programmes in various European countries between 2013 and 2016.
A significant share of the…
Telecoms cables maker and energy group Prysmian has clinched a €100m (US$137m) loan facility from the European Investment Bank (EIB) to fund its development programmes in various European countries between 2013 and 2016.
A significant share of the funding will be allocated to work in Italy, its home country. Prysmian’s global budget for research and development over the four-year period is €300m (US$410m).
In a statement, Prysmian Group CEO Valerio Battista said: “The development of more efficient, eco-sustainable electricity networks, like the spread of broadband connections in the telecoms sectors, are now recognised as priority areas for action by all the political and economic institutions.”
