Italy aims to spend almost 7 billion euros ($8.33 billion) in European recovery funds on ultra-fast networks, up 60% from a previous goal, as ministers lay out alternatives to a long-delayed single national broadband plan, sources told Reuters.
The government of Mario Draghi, which took office in February, is revising a national Recovery and Resilience Plan (RRP) that would entitle it to some 206 billion euros by 2026 from an EU programme to help nations hardest hit by the novel coronavirus.
Two sources close to the matter told Reuters Rome planned to raise the amount spent on broadband, 5G and satellite infrastructure to 6.7 billion euros from 4.2 billion euros earmarked in January by the previous government.
Italy to boost broadband spending as plan for single network falters
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Exclusive: Italy to spend 60% more of EU funds on better broadband, sources say
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ROME (Reuters) - Italy aims to spend almost 7 billion euros ($8.33 billion) in European recovery funds on ultra-fast networks, up 60% from a previous goal, as ministers lay out alternatives to a long-delayed single national broadband plan, sources told Reuters.
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The government of Mario Draghi, which took office in February, is revising a national Recovery and Resilience Plan (RRP) that would entitle it to some 206 billion euros by 2026 from an EU programme to help nations hardest hit by the novel coronavirus.
Two sources close to the matter told Reuters Rome planned to raise the amount spent on broadband, 5G and satellite infrastructure to 6.7 billion euros from 4.2 billion euros earmarked in January by the previous government.
Exclusive: Italy to spend 60% more of EU funds on better broadband, sources say
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.