28 January 2009

EU - Commission earmarks €1bn for investment in broadband

The European Commission aims to achieve 100 % high-speed internet coverage for all citizens by 2010 as part of the European Economic Recovery Plan. € 1 billion has been earmarked to help rural areas get online, bring new jobs and help businesses grow. On average, 93 % of Europeans can enjoy a high speed online connection but in some countries broadband covers less than half of the rural population. Broadband internet connection is expected to create 1 million jobs and boost the EU's economy by €850 billion between 2006 and 2015.