Europe to benefit from US$500 million broadband fund

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The European Investment Bank (EIB) and the European Commissiontogether with French, German and Italian banks Caisse des Dépôts, KfW and Cassa depositi e prestiti, have committed EUR420 million (US$493.2 million) to the Connecting Europe Broadband Fundwhich will finance broadband network infrastructure across underserved areas in Europe.

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