The European Commission´s funded Connecting Europe Broadband Fund (CEBF) has signed an agreement with two telecommunications companies from Slovenia and Croatia to set up a RuNe Group which will invest in high-quality fiber-to-the-home broadband. The group will deploy an open-access network for residential, business and public administration in the rural areas of the Primorje-Gorski Kotar and Istria regions - the two North-Western counties in Croatia – and will cover over 135,000 locations.
The expected amount of the investment of this first project is € 30 million. This investment marks the inaugural project of the CEBF. The Fund was launched on the 27th of June, 2018 with € 420 million at first closing, including € 100 millione from the European Commission's Connecting Europe Facility. The fund will invest in high speed broadband infrastructure networks across underserved areas in Europe. This support will complement existing EU financial instruments for broadband development as well as other financing currently available on the market through private investors or private financial institutions. The Connecting Europe Broadband Fund is the first investment platform to support broadband infrastructure under the European Fund for Strategic Investments (EFSI), which is the central pillar of the Investment Plan for Europe. The investment platform is open to the participation of private investors.
CEBF is managed by Cube Infrastructure and anchored by the European Commission, the European Investment Bank, the German KfW Bankengruppe, the Italian Cassa Depositi e Prestiti and France’s Caisse des Dépôts et consignations. The Fund will invest in other projects to develop broadband in the 20-years of the Fund.