Sweden to offer EUR150m broadband subsidy this year

The Swedish Post and Telecom Agency (Post & Telestyrelsen, PTS) has presented a plan for the distribution of subsidies to develop fixed broadband infrastructure to meet EU digital agenda goals. The regulator says EUR150 million (USD166 million) will be made available in 2020 to support projects to bring high speed access to rural communities in four regions. Over the next three years it plans to distribute a total of EUR650 million in subsidies to cover areas where market forces will not drive commercial rollouts. The government hopes to have every household passed by gigabit-capable networks by 2025.