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	<title>Optical Reflection &#187; Portugal Telecom</title>
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	<description>Where broadband meets fibre-optics</description>
	<lastBuildDate>Mon, 24 May 2010 13:47:57 +0000</lastBuildDate>
	
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		<title>Europe doles out funds for rural broadband</title>
		<link>http://opticalreflection.com/2009/10/europe-doles-out-funds-for-rural-broadband/</link>
		<comments>http://opticalreflection.com/2009/10/europe-doles-out-funds-for-rural-broadband/#comments</comments>
		<pubDate>Mon, 26 Oct 2009 14:47:07 +0000</pubDate>
		<dc:creator>Pauline</dc:creator>
				<category><![CDATA[Next-gen access]]></category>
		<category><![CDATA[FTTH]]></category>
		<category><![CDATA[Portugal Telecom]]></category>
		<category><![CDATA[ZON Multimedia]]></category>

		<guid isPermaLink="false">http://paulinerigby.wordpress.com/?p=294</guid>
		<description><![CDATA[Amidst all the brouhaha over broadband stimulus funding in the US, it&#8217;s easy to forget that Europe has its very own economic stimulus package, called the European Economic Recovery Plan (EERP), with an allocation of €1.0&#160;billion to be spent on broadband in rural areas between 2009 and 2013.  And last week the first wave [...]]]></description>
			<content:encoded><![CDATA[<p>Amidst all the brouhaha over broadband stimulus funding in the US, it&#8217;s easy to forget that Europe has its very own economic stimulus package, called the European Economic Recovery Plan (EERP), with an allocation of €1.0&nbsp;billion to be spent on broadband in rural areas between 2009 and 2013.  And last week the <a href="http://europa.eu/rapid/pressReleasesAction.do?reference=IP/09/1568&amp;format=HTML&amp;aged=0&amp;language=EN&amp;guiLanguage=en">first wave of approvals for EERP funding</a> were handed out.</p>
<p>Five countries have amended their rural development plans to take advantage of the extra funding for broadband. They are Austria (€15.0&nbsp;million), Cyprus (€0.9&nbsp;million), Finland (€24.6&nbsp;million), Italy (Toscana and Sardegna regions, together €11.3&nbsp;million), and the UK (Northern Ireland region, €1.4&nbsp;million).  Grand total: €53.2&nbsp;million.</p>
<p><span id="more-294"></span>Meanwhile, the <a href="http://www.broadband-europe.eu/Pages/NewsDetail.aspx?ItemID=628&amp;lang=1">European Investment Bank (EIB) has approved two loans for the deployment of next-generation access networks</a> using fibre-to-the-home in Portugal.  Incumbent telecoms operator Portugal Telecom will receive €100m, and cable TV company ZON Multimedia will receive an identical amount of €100m.</p>
<p>In a statement, the EIB says that &#8220;by supporting both the incumbent operator and its chief competitor, the EIB not only contributes to a substantial upgrading of telecom services in the country, but introduces a healthy degree of competition in the Portuguese telecoms market.&#8221;</p>



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