EU to invest £420m in broadband infrastructure upgrades

A fresh fund has been engaged to help guarantee what they call “universal access” to minimum threshold for download speeds; targeting 100Mbps by 2025 for all the countries European Union (EU).

This target which was announced early this year by the European Commission, said the commission should be able to make these speeds to homes and households in the remote areas.

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In order to help reach these goals, the EC has proposed a new European Electronic Communications Code that includes “forward-looking and simplified rules”, which it hopes will “make it more attractive for all companies to invest in new top-quality infrastructures everywhere in the EU, both locally and across national borders”.

It doesn’t fail to add businesses and public sector organizations to the list of clients that should benefit from this development. In fact the company believes that they will have access to speeds of at least 1Gbps by this time.

Over £420 million will be allocated to the various projects across the European Union over these next ten years, the EC and the European Investment Bank have been the major backers of the Connecting Europe Broadband Fund (CEBF),

Günther H. Oettinger, Commissioner for Digital Economy and Society at the EC, gave his two cents on the activities and progress around the project , and he has been reporter to say he is grateful for the backers and very positive about the future of the project.

He said it was a great step and that carrying the homes in the rurals along is a great step towards a European Gigabit Society for all.

Estimates have it that this sort of development could boost GDP across the European Union by an extra €910 billion, and those are big numbers no matter how you want to crunch them.

Uninterrupted 5G coverage, with 5G being commercially available in at least one major city in each EU country by 2020 is the target in simple terms, At the end of the day this could create 1.3 million new jobs by 2025.

 

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