Connect with us

Business

#InvestmentPlan supports #DigitalEconomy: High-speed broadband in Sweden and cyber security systems in France

SHARE:

Published

9 years ago

on

We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. You can unsubscribe at any time.

The European Investment Bank (EIB) is lending €125 million to Swedish broadband provider IP-Only to support the expansion of its fibre network in cities and rural areas in Sweden.

This deal will give high-speed internet access to over 400,000 homes by 2020. Vice-President Andrus Ansip, responsible for the Digital Single Market, said: "The agreement signed today with IP-Only under the Juncker Plan is good news for Sweden just days after the first EU summit dedicated to Europe's common digital project. Europe needs fast internet to reap the benefits of the digital single market. This is true for citizens and companies alike, in all corners of Europe: rural or urban."

And as Cyber Security Month kicks off, the EIB has also signed a €20 million financing agreement with CS Group in France under the Investment Plan. The company will use the financing to develop their research, development and innovation into cyber security systems. (For more information about any of the projects and the latest Investment Plan results see the Investment Plan website).

Share this article:

Share this:
Related Topics:
EU Reporter publishes articles from a variety of outside sources which express a wide range of viewpoints. The positions taken in these articles are not necessarily those of EU Reporter. Please see EU Reporter’s full Terms and Conditions of publication for more information EU Reporter embraces artificial intelligence as a tool to enhance journalistic quality, efficiency, and accessibility, while maintaining strict human editorial oversight, ethical standards, and transparency in all AI-assisted content. Please see EU Reporter’s full A.I. Policy for more information.
Advertisement

Trending