View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Data Centre
February 12, 2013

European Union cuts broadband funding

Last week, the European Council signed an agreement on the next multiannual financial framework.

By CBR Staff Writer

The European Union (EU) has decreased broadband funding to the Connecting Europe Facility (CEF) to €1bn from the proposed €9.2bn.

The European Commission (EC) said CEF will support the roll-out of high-performing, sustainable, trans-European networks in the fields of transport, energy, and broadband & digital services.

EC said conservative estimates indicate that it could stimulate investment worth over €50bn, touching 45 million households and more than 100 million Europeans, while playing an important role in helping Europe reach its fast and ultra-fast Internet targets.

Last week, the European Council signed an agreement on the next multiannual financial framework (MFF), which lays down the EU’s budgetary priorities for the years 2014-2020.

European Commission vice president, Neelie Kroes, criticised the cut saying the funding will have to be exclusively for digital services because a smaller sum does not leave room for investing in broadband networks.

"I regret that because broadband is essential for a digital single market, the rails on which all tomorrow’s digital services will run; and this could have been an innovative and highly-market oriented way to deliver it, almost budget-neutral in the long run," Kroes said.

"Nonetheless, we have all agreed on broadband targets for Europe, including fast broadband coverage for all by 2020. Those agreed objectives are now harder to reach, but we should stay focused on that goal.

Content from our partners
Why all businesses must democratise data analytics
How start-ups can take the next step towards scaling up
Unlocking the value of artificial intelligence and machine learning

"I will keep fighting, and I will support innovations that help roll out fast broadband to underserved areas: the Connecting Europe Facility was an important tool to move towards that goal, but not the only one."

Websites in our network
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED
THANK YOU