Saturday, 03 December 2016

Neelie Kroes says EU budget cut leaves no cash for broadband networks

By Nick Wood, Total Telecom
Monday 11 February 13

Commissioner remains focused on 2020 broadband targets despite lack of funds; ETNO warns of missed opportunity for economic recovery.

The European Union's Digital Agenda commissioner Neelie Kroes says the cut to the Connecting Europe Facility (CEF) means there will not be enough money to invest in new broadband networks. Last week's all-night talks between Europe's leaders culminated in a deal that will see the EU's overall budget for 2014-2020 cut by €34 billion, a move that had a knock-on effect on the telecoms and technology space. Originally, €50 billion was allocated to the CEF…

The European Union's Digital Agenda commissioner Neelie Kroes says the cut to the Connecting Europe Facility (CEF) means there will not be enough money to invest in new broadband networks. Last week's all-night talks between Europe's leaders culminated in a deal that will see the EU's overall budget for 2014-2020 cut by €34 billion, a move that had a knock-on effect on the telecoms and technology space. Originally, €50 billion was allocated to the CEF…

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