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Italy to allocate 60% more EU funds to broadband rollout - report

Wednesday 14 April 2021 | 09:13 CET | News
The new Italian government of Mario Draghi is set spend EUR 6.7 billion of European recovery funds on rolling out high-speed broadband networks, up around 60 percent from the EUR 4.2 billion earmarked by the previous government in January, according to two unnamed sources cited by Reuters. The funds allocated to broadband, 5G and satellite infrastructure are part of a EUR 49 billion plan to boost digitalisation, including investments in public administration and SME grants, added one of the sources.

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Categories: General
Companies: Open Fiber / Telecom Italia / TIM
Countries: Italy
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