EU Eases Rules To Boost Broadband Adoption - Vodafone Group (NASDAQ:VOD)

EU competition regulators revised state aid rules to make it easier for European Union countries to finance the rollout of fast-speed broadbands.
The European Commission wants all European households to have a gigabit network and all populated areas by 5G by 2030.
The EU executive said governments would be allowed to provide state support to fixed broadband networks providing at least 1 gigabit per second and 150 megabits per second upload speeds.
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Aid for rolling out mobile networks, including 5G, will only help to improve the quality of existing or planned mobile networks, Reuters reports.
The revised rules allow EU countries to use a published price, regulated price, or cost-based price as a benchmark to set wholesale access prices.
The EU reduced the threshold for publishing details of granted aid to €100,000 from €500,000.