Government to plough USD80 million into internet

11 Oct 2007

The Chilean government has announced plans to invest USD80 million to subsidise projects designed to boost internet coverage during 2008-09, writes BNamericas citing Pablo Bello, head of the telecoms regulator Subtel. Bello made the announcement at a presentation of the latest broadband internet index for Chile developed by US equipment vendor Cisco and tech consultancy IDC. The latest report shows broadband penetration of 7.9% at the end of June, with 1.2 million connections, up 33% year-on-year.