Big news for European Broadband Users: The European Commission is planning to invest €9.2bn to improve broadband services on all over the European Union, BBC reports.
According to speedtests.net, Internet across Europe is quite fast, with eight countries from 10 ranked as having among the World’s top 10 average download speed.
In addition to having high speeds in European Cities, the EU wants also to make have the same service in rural areas. Its plans to achieve a minimum 30 megabits/second speed by 2020 in all European households, with half of them having 100 Mbps speeds.
The main goal of all this is to encourage services like e-health, cybersecurity, electronic procurement services and intelligent energy networks. There are also plans to improve access to EU cultures and multilingual public information services.
The Connecting Europe Facility (CEF) is the name of the fund that will inject money into the project. But the CEF also wants to convince telecommunication companies to take risks and invest more in their own networks, since implementing this will create thousands of jobs in several sectors.
This isn’t the first time funds from European Commission are being directed to broadband projects. The European Regional Development Fund gave £53.5 million last year to help BT implement next-generation broadband services and £18.5 million to improve aid the development of Northern Ireland’s broadband infrastructure.
If all goes as planned, the project will begin in 2014.