Italy to invest EUR 1 billion in broadband network

Sunday 14 September 2008 | 21:07 CET | News
The Italian State will invest around EUR 1 billion for the development of broadband services, according to the Undersecretary for Economic Development, Paolo Romani. Speaking during a parliamentary session, he pointed out that the implementation of New Generation Networks (NGN) will lead to an annual increase of the GDP of 1.5 to 2 percentage points. Romani added that an NGN network costs an estimated EUR 10 billion, with the State financing around 10 percent of the necessary capital as part of a public-private partnership. He expects that by 2013 the entire country will have the possibility

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Categories: Internet
Countries: Italy
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