The Greek government has secured EU approval to proceed with a EUR300 million (USD334 million) scheme to roll out ultrafast broadband networks in unserved and underserved areas of the country. The project will be funded by the European Regional Development Fund (ERDF), the European Agricultural Fund for Rural Development and private investors. The scheme will target regions where there is currently no access to broadband at speeds of 30Mbps or above and will look to deploy networks offering connectivity at download rates of between 100Mbps and 1Gbps. The open access infrastructure will be available to all operators on a non-discriminatory basis.
EU Competition Commissioner Margrethe Vestager commented: ‘With this decision, the Commission endorses the use of EU funds for the development of ultra-fast internet in areas of Greece where private investment is insufficient. This is an important step for competitiveness and innovation in Greece as well as for social and territorial cohesion, enabling Greek households and businesses to benefit fully from the Digital Single Market.’