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Update Italy to pump 1 billion into broadband - 15-September-2008, 11:10

Italy to pump 1 billion into broadband

The Italian state is set to invest about 1 billion into the development of broadband services as part of of a public-private partnership. Paolo Romani, undersecretary for economic development, said the implementation of New Generation Networks (NGN) will lead to an annual increase of the GDP of 1.5 to 2 percentage points.

Romani added that said the total costs for an NGN network would be around 10 billion, with the state financing around 10%. It is planned that by 2013 the entire country will have the possibility of connecting to third our fourth generation internet.
   
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