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European Commission endorses Croatia's 101.4 mln euro broadband scheme

Author Maja Garaca
European Commission endorses Croatia's 101.4 mln euro broadband scheme IT (Author: SeeNews) License: all rights reserved

ZAGREB (Croatia), June 6 (SeeNews) - The European Commission said on Tuesday it is endorsing Croatia's 101.4 million euro ($114.1 million) Next Generation Network (NGN) Broadband plan.

The plan, which aims to provide fast internet access where it is currently not available, is in line with EU state aid rules, the Commission said in a statement.

"Croatia's broadband scheme will bring faster internet to consumers and businesses that currently do not have it. It will help Croatia to put in place the necessary infrastructure for an information society and contribute to creating a Digital Single Market within the EU," Margrethe Vestager, EU Commissioner in charge of competition policy, is quoted saying.

The scheme aims to increase the coverage of high speed broadband and provide speeds of 100 Mbit/s symmetrical (i.e. upload and download).

It will run until December 31, 2023.

The new infrastructure will be financed mainly through the European Regional Development Fund and partly by national funds, and the network will remain in public ownership.

($=0.8886 euro)

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