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New Finland to subsidise fast broadband - 28-November-2008, 11:50

Finland to subsidise fast broadband

The Finnish government has unveiled its plans roll out 100 Mbps broadband services to the whole population. A subsidy of 11 million per year over the period 2010-2015 should ensure universal fast internet access.

A report commissioned by the Ministry of Communication found that commercial development should reach 95% of the population by 2015. To cover the remaining 4-5%, the government has to provide additional funds to the tune of 66 million.

The subsidy forms part of a general policy to consider broadband a universal service by the end of 2010. The plan has to be agreed by the European Commission.

The subsidy will account for a maximum 67% of the investment, with the state providing no more than 33%.

The country also hopes to use some EU structural funds for the project.
   
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