Governments Allowed to Fund Broadband in Cities Under EU Rules

Dec. 19 (Bloomberg) -- European governments will be able to fund faster Internet networks in cities under rules approved by the European Commission today.

Regulators said new guidelines for funding networks with speeds of more than 100 megabits per second would allow public funding in urban areas “subject to very strict conditions.”

The overhaul would limit public funding for broadband unless it provides a substantial improvement over existing infrastructure.

To contact the reporter on this story: Aoife White in Brussels at awhite62@bloomberg.net.

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net.