Europe to Invest 1bn Euros in Broadband
The European Commission aims to achieve 100 per cent high speed internet coverage for all citizens by 2010 as part of the European Economic Recovery Plan. The money is needed to help rural areas get online, bring new jobs and help businesses grow, according to the EC.
On average, 93 per cent of Europeans has access to a high speed connection but in some, mostly Eastern European countries broadband covers less than half of the rural population. The plan is expected to create 1 million jobs and boost Europe’s economy by 850 billion euros between 2006 and 2015.
Also noteworthy: Current trends show existing rules are not adapted to tomorrow’s risky investments (ETNO)
Source: EC
