Menu
EU approves €1 billion funding for broadband, digital services

EU approves €1 billion funding for broadband, digital services

A reduced budget means limited broadband spending

The European Union will spend €1 billion (US$1.3 billion) on digital services and improving high-speed broadband networks as part of a deal agreed on Wednesday.

The total is a big comedown from the €9.2 billion that was first proposed, but cut by E.U. leaders a year ago.

The European Parliament on Wednesday voted in favor of the reduced funding for the Connecting Europe Facility without further haggling.

With the reduced funds, the program will only be able to provide seed funding for a limited number of broadband projects. Only 15 percent of the budget has been earmarked to support broadband, and one third of those must aim for speeds of 100 Mb per second or above.

Other digital projects that apply for funding will need to "demonstrate state-of-the-art technological solutions and represent either innovative business models or highly replicable solutions."

Priority will be given to so-called 'building-block' services such as e-identification, e-signature, e-invoicing and automated translation, explained Digital Agenda Commissioner Neelie Kroes.

The European Commission will award the grants after proposals have been evaluated by external experts. A strict "use it or lose it" policy will see money withdrawn from projects that are not completed within their specified time frame.

Follow Jennifer on Twitter at @BrusselsGeek or email tips and comments to jennifer_baker@idg.com.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags broadbandtelecommunicationeuropean union

Featured

Slideshows

EDGE 2018: Kiwis kick back with Super Rugby before NZ session

EDGE 2018: Kiwis kick back with Super Rugby before NZ session

New Zealanders kick-started EDGE 2018 with a bout of Super Rugby before a dedicated New Zealand session, in front of more than 50 partners, vendors and distributors on Hamilton Island.​

EDGE 2018: Kiwis kick back with Super Rugby before NZ session
EDGE 2018: Kiwis assess key customer priorities through NZ research

EDGE 2018: Kiwis assess key customer priorities through NZ research

EDGE 2018 kicked off with a dedicated New Zealand track, highlighting the key customer priorities across the local market, in association with Dell EMC. Delivered through EDGE Research - leveraging Kiwi data through Tech Research Asia - more than 50 partners, vendors and distributors combined during an interactive session to assess the changing spending patterns of the end-user and the subsequent impact to the channel.

EDGE 2018: Kiwis assess key customer priorities through NZ research
Show Comments