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EU investment plan to boost digital technology

17/12/2014 by Sharon Shahzad


The European Commission's investment drive to boost the region's economy will include billions euros of spending on digital technology, EU Digital Economy Commissioner Günther Oettinger told a German magazine.

He said talks with telecom groups, authorities, local communities and investors about expanding digital networks would start next year.

"It will be about the questions of who will do what and how the expansion can be financed. A double-digit billion euro amount qualifies for this as part of the EU's investment package," he told German magazine Focus in an excerpt of an article to be fully published today [8 December].

Last month, the European Commission presented a €300 billion plan to boost Europe's stagnant economy. However, some analysts doubted private investors would stump up the funds needed to make it work.

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