Italy unlocks EUR2.2bn broadband funding

10 Aug 2015

The Italian government has announced that the first EUR2.2 billion (USD2.4 billion) of funding is now available for its scheme to promote the spread of ultra-broadband networks to surpass European Union (EU) Digital Agenda goals by 2020. Prime Minister Matteo Renzi says the funds form the first part of a wider EUR12 billion 20-year broadband development scheme, which will involve EUR7 billion of public spending – including EUR2.1 billion from European regional funds – and EUR5 billion of private money. Under the Italian government’s plan, 85% of all households will have access to a 100Mbps connection by 2020, with the remaining homes being offered a minimum 30Mbps service.