The European Commission and the European Investment Bank (EIB) have launched the Connecting Europe Broadband Fund. It is an initiative that funds broadband network infrastructures. It is open to participation of private investors as well as National Promotional Banks and Institutions.

The Connecting Europe Broadband Fund should raise at least €500 million at first closing through commitments from private and public investors, including the EIB and the European Commission. The European Commission will invest €100 million into the Fund from the Connecting Europe Facility

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