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European Commission plans ambitious €100bn fi

singinho (2486666) writes | more than 2 years ago

EU 0

singinho writes "The European Parliament and the EU’s Council of Ministers is considering a proposal from the European Commission for an ambitious project, worth up to €100bn ($140bn), to fund the rollout of fibre broadband and associated services across the EU.

The Commission has proposed to spend €9.2bn from 2014 to 2020, to give EU citizens and business access to broadband speeds of 100Mbps. However, this initial €9.2bn will be used to attract additional investment to a total of between €50bn and €100bn, with each Euro spent expected to attract another private investment of between €6 and €15, according to the Commission."

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