EU broadband budget slashed by 90 percent, plans in tatters
A budget reshuffle from the European Union has culminated in the European broadband budget being cut by 90%, from €9.2 billion (£7bn) to €1 billion (£859m) and leaving original broadband rollout plans in tatters.
The original plans were for every building in Europe to have access to a 30Mbps or faster connection by 2020, but they seem to have been kyboshed by this latest cut. The overall EU infrastructure investment budget has been slashed from €50bn to €24bn.
Neelie Kroes, digital agenda VP...