Germany plans to invest proceeds from frequency sales in broadband

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BERLIN – German Infrastructure Minister Alexander Dobrindt said on Friday Berlin will invest the proceeds of planned sales of frequency bands to mobile telephone services in broadband infrastructure expansion.

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Germany’s right-left coalition government aims to have broadband of at least 50 megabits a second available across the country by 2018, up from a coverage level of 60 percent. For the upgrade an estimated 20 to 34 billion euros is necessary.

*Reuters


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