EurActiv – The European Commission has agreed to co-finance Europe’s long-awaited transition from copper to faster fiber-based telecom and internet networks while industry worries that EU funds could weaken investors’ appetite for risk.
According to the Commissioner for the Digital Agenda, Neelie Kroes, a 10% boost in internet penetration could raise GDP levels by up to 1.5%. However some lobbyists argue the Commission’s plan jars with companies’ battle to get private sector investment into fibre.
An estimated €270 billion is reportedly required for fiber in Europe. Big telcos like France Telecom have put forward plans for fibre networks but these reach densely populated areas with an obvious business case for faster internet. more> http://twurl.nl/ed82au
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- Steelie Neelie stares down telcos over fibre sharing (go.theregister.com)
- EU commissioner wants telecoms firms to boost broadband access (guardian.co.uk)