Thursday, February 21, 2013

France - Government to contribute towards EUR 18 billion needed for network roll-out

Reuters reports the French Government plan for funding broadband:
Three tranches of more than 6 billion euros each will fund the planned network rollout, Hollande said. One will come from network operators, one from a mix of operators and local government and the last from state and local-government money.

Local governments' outlay will be funded using tax-free, regulated deposits gathered by state bank Caisse des Depots.

By 2017, the end of President Hollande's first term, 50 percent of the country will be covered under the plan.

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