EIB supports the digital economy
“The agreement signed today with IP Only under the Juncker Plan is good news for Sweden just days after the first EU summit dedicated to Europe’s common digital project. Europe needs fast internet to reap the benefits of the digital single market. This is true for citizens and companies alike, in all corners of Europe: rural or urban.” Said Vice-President Andrus Ansip, responsible for the Digital Single Market.
The European Investment Bank (EIB) is lending €125 million to Swedish broadband provider IP-Only to support the expansion of its fibre network in cities and rural areas in Sweden. This deal will give high-speed internet access to over 400,000 homes by 2020. And as Cyber Security Month kicks off, the EIB has also signed a €20 million financing agreement with CS Group in France under the Investment Plan. The company will use the financing to develop their research, development and innovation into cyber security systems.