Europe seeks to spur building of fast broadband networks

BRUSSELS (Reuters) – The European Commission has set out rules aimed at reducing the cost of building high-speed broadband networks, in a move that shows how Brussels is seeking more power over the telecoms sector.

The initiative is important because European leaders are worried that debt-laden telecom operators’ slow pace of investment is saddling the region with weak infrastructure that over time could hobble its already recession-wracked economies.

It also comes as the EU cuts funding for broadband rollouts. EU budget cuts, which must be approved by Parliament, hammered out in February cut such funding for rural projects to just 1 billion euros ($1.3 billion) from 9.2 billion…… read more



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