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 Monday, February 07, 2011

­The European Commission has approved, under the EU guidelines for state aid to broadband, the use of over EUR1.8 billion public funds for broadband development, particularly in rural or remote areas.

Commission Vice-President in charge of competition policy Joaquín Almunia commented: "Smart investments into high and very high speed broadband infrastructures are crucial to create jobs, increase economic performance and to unlock the competitive potential of the EU in the long term. The Commission is committed to help EU countries to accelerate private and public investments in this sector."

In 2010, the Commission adopted a record number of 20 decisions covering aid for broadband development in, among others, Catalonia, Finland and Bavaria authorising the use of over EUR1.8 billion of public funds for broadband development. This will potentially generate up to EUR3.5 billion of investments in the sector. The approved aid in 2010 is more than four times the amount allowed in 2009.

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Source: Cellular News