Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

Log in now! EU calls on towns to bid for free WiFi cash

Published 03/20/2018, 07:31 AM
Updated 03/20/2018, 07:40 AM
© Reuters. Tourists use their mobile phones to take pictures at the Old Town Square in Prague

BRUSSELS (Reuters) - One thousand European towns and cities will each be able to claim 15,000 euros ($18,464) of EU funding this year to set up free WiFi hotspots in parks, squares and public buildings.

The European Commission invited municipalities from across the European Union, as well as Norway and Iceland, on Tuesday to register for funding vouchers, which will be distributed on a first-come first-served basis in mid-May.

The WiFi voucher scheme is part of European Commission plans, announced by its president Jean-Claude Juncker in September 2016, to boost high-speed connectivity and strengthen consumer protection in the digital sector.

The local authorities securing funds will have to provide networks free of charge and free of advertising for at least three years and the money should not duplicate existing installations.

There will be four further and larger offers of funding before the end of 2020, with an overall budget of 120 million euros. Some 6,000 to 8,000 local communities are expected to benefit.

To ensure geographical spread, each participating country will receive a minimum of 15 vouchers.

© Reuters. Tourists use their mobile phones to take pictures at the Old Town Square in Prague

($1 = 0.8124 euros)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.