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France to make large investment in high-speed broadband for citizens

Written by Andre Yoskowitz (Google+) @ 22 Feb 2013 18:46

France to make large investment in high-speed broadband for citizens French president François Hollande has announced this week that the government will make a large investment to ensure that every household in France will have high-speed broadband by 2023.
The president expects half of the population to get the Internet by the end of 2017.

"High-speed broadband strengthens [France's] businesses competitiveness and the quality of [its] public services. [It] will bring more fluidity, more simplicity for communications between business, their customers, and the public sector as well," Hollande added.

Altogether, the investment required will be €20 billion, with a mix of public and private funds. Telcos will likely have to give €7 billion to fund the infrastructure in densely populated areas.

An ad hoc public body will be set up to coordinate the investments over the next 10 years.

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