- 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.
- Also Read: Amazon, Netflix, Meta And Other Big Tech Could Soon Have To Compensate Telcos For Bandwidth In Europe
- 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.
Publicis To Pay $350M In First-Ever Opioid Marketing Settlement
In a historic move, Publicis, a French advertising company, has agreed to a $350 million settlement over its alleged role in the opioid crisis. This marks the first time an advertising firm has been held accountable for its part in the epidemic.
